Just hours before the Bank of Israel publishes its interest rate policy decision, the dollar continues to plummet to a more than four-year low, reaching 3.16 shekels in continuous trading, compared to Friday's representative rate of 3.1810 shekels. The euro exchange rate is also falling in trading to 3.69 shekels. The dollar's decline contradicts the global trend of strengthening on the background of U.S. activity in Venezuela, and stems from the relative confidence in the market that the Bank of Israel will not lower the interest rate and will maintain the basic rate at 4.25 percent.
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