Shekel slumps despite $45-billion central bank pledge

Shekel slumps despite $45-billion central bank pledge https://ift.tt/cvze3jD central bank said it would sell as much as $30 billion and extend up to $15 billion through swap mechanisms as part of an unprecedented program to support markets, according to a statement on Monday. The goal of operating in the market during the coming period is to smooth out volatility in the shekel's exchange rate and provide the necessary liquidity, it said.