Those blood-suckers would never do anything for anyone else.
No, this is all about PROPPING UP its MAIN BENEFACTOR!
Think about it: If the dollar shits out, then Israel's aid packages from the U.S. will be worth shit!!!!
THAT'S WHY they are HELPING the BAILOUT of the AMERICAN BANKS!!
"Bank of Israel steps in to stop dollar slump
Adrian Filut
YNet
Friday, March 14, 2008
The Bank of Israel continued to closely monitor dollar rates Friday, buying more of the American currency to insure its stability and drive up its trading rates.
In an unlikely move, unseen for the past decade, Bank of Israel Governor Stanley Fischer ordered the purchase of some $300 million, in an attempt to stop the dollar – which fell 2% and ended Thursday's trading an the 11-year low of NIS 3.403 – from sliding further.
The Bank's efforts seem to help, as Friday saw dollar rates rise 1.85% and reach NIS 3.47. Euro rates recovered as well, adding 2% and reaching NIS 5.40.
Senior market analysts told the financial publication Calcalist that the stabilization noted in the currencies was the market's natural reaction to Fischer's move.
The Bank, reported Calcalist, intends on purchasing a similar amount of dollars Friday, using the short trading day as leverage to ensure dollar rate continue to recover.
Efforts aside, the dollar ended its trading week with a 5% lose. Dollar rates have decreased by 11.5% since the beginning of 2008 – more than its 2007 overall slump.
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