to write off all credit card debt through quantitative easing make credit cards an illegal financial instrument,in other words abolish them.This will lower the shekel rate thus helping exporters ,and anyone with a credit card .Why buy worthless dollars

I would love to see us return to the age where credit cards were for the rich alone and the ordinary people used cash & check. A huge portion of the a countries debts is people spend thousands they know they can't afford but they repay and eventually they go bankrupt. I pay cash whenever possible & Visa only when I need to so there is no unexpected bills at the end of the month. Also every time I take money out cash from the machine or use the Visa I make a note of it on my iPhone so I know when I am out how to buy things how much I have spent already this month and what how much I can afford to spend so I never get into debt. As for the Bank of Israel buying more dollars it also benefits the country by having larger foreign currency reserves which can be used to stop the Shekel going into meltdown if there is a crisis.

As an American, I can tell you that the dollar is not coming back nor is the American economy. It would be smarter to buy up Chinese yuans which are currently kept artificially low. Once that currency stops floating the value will jump dramatically. That may take a decade but the payoff will be worth it. The euro and pound sterling are probably settled in their natural range. The Swiss franc is very high because investors are using it as the world standard; they are trying to get it to inflate it to encourage tourism. They also want to inflate the Japanese Yen as well so don't bother. Yuan and Shekels: yes. Dollars: No.