**Israel‘s Central Bank Takes Action**
Israel’s central bank is selling $30 billion in foreign reserves. This comes after the Israeli Shekel fell to a seven-year low.
The shekel has dropped sharply since the weekend, when Hamas launched an invasion of Israel. On Monday, the value of one dollar was more than 3.90 shekels. This is the lowest rate seen in seven years.
**Action Plan**
To stabilize the currency, the central bank will sell up to $30 billion in foreign reserves. It will also carry out swap operations worth $15 billion. These actions aim to maintain the liquidity of the financial system and ease volatility in the markets.
The central bank promised to continue monitoring events and act if necessary to support the economy.