Israeli high-tech crisis? Exporters warn of growing economic damage as the dollar falls below 3 NIS
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Assessment
The dollar's slide below 3 shekels signals a structural shift that threatens Israel's export-driven high-tech sector. Exporters face shrinking margins and reduced competitiveness in global markets, which could slow investment and hiring. The Bank of Israel now faces pressure to intervene, but its tools are limited without risking inflation or foreign reserve losses. Watch for emergency policy moves or a broader reassessment of Israel's currency regime.