Strong shekel 'murdering us,' exporters complain as BoI banks on buying billions
Shoshanna Solomon is The Times of Israel's Startups and Business reporter Illustrative: Safety jackets hang at a factory in southern Israel on March 13, 2018. (AP/Ariel Schalit) Marian Cohen, the chairman of Israel’s Mer Group, has overcome many crises in his 36 years at the tech holding firm, from rocket attacks hampering production and deliveries to a credit crunch in the Great Recession of 2008. But the strengthening of the Israeli shekel against the US dollar is creating an “existential crisis” that outstrips those other challenges, he says, leaving him and other industrialists stru...
Source: timesofisrael.com