Introducing the world's strongest currency: The shekel

Discussion in 'Economy' started by Shogun, Jun 2, 2008.

  1. Shogun
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    Even the powerful euro has had a hard time competing with what has become probably the strongest currency in the world since the beginning of 2008: the Israeli shekel.

    Since the beginning of 2008 the shekel has made some serious gains against nearly all the major world currencies. The shekel has gained 15% against the dollar, slightly more against the British pound and the Canadian dollar, as well as 8% versus the Swedish kroner and 24% against the South African rand.

    Even the solid euro has had a hard time competing with the shekel, and has fallen from NIS 5.74 at the beginning of April by 12% to NIS 5.00 - its lowest rate in five years. Since the start of the year, the shekel has strengthened against the euro by 9%.
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    A week ago the president of the European Central Bank, Jean-Claude Triche, praised the euro to the Wall Street Journal, saying the European currency would provide price stability in the medium-term.

    Even compared to the currencies of countries rich in natural resources and raw materials, such as Australia and Canada, it has done well.

    One opinion is that the shekel will continue to gain in the next few months against the dollar and euro, at least until the November elections.

    The real question is, which elections - those in America or maybe those here in Israel?

    Introducing the world's strongest currency: The shekel - Haaretz - Israel News
     
  2. jillian
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    jillian Princess Supporting Member

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    You so must hate that. :eusa_dance:
     
  3. Paulie
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    Paulie Platinum Member

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    This is something new. I haven't read about this.

    But sure, of COURSE Israel's currency is going to be strong.

    They don't treat their currency like we do, but they have the world's understanding that they will be protected by our military. They get the best of both worlds. A good monetary policy, and US military protection. Without us protecting them militarily, no one with common sense would invest in their currency.
     
  4. Shogun
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    well, it's pretty indicative of the repercussions of that duel citizenship you enjoy..

    :eusa_doh:


    Do you really think this kind of news shocks anyone?
     
  5. editec
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    editec Mr. Forgot-it-All

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    Yup!

    source: washington-report.org

    Benefits to Israel of U.S. Aid
    Since 1949 (As of November 1, 1997)

    Foreign Aid Grants and Loans
    $74,157,600,000

    Other U.S. Aid (12.2% of Foreign Aid)
    $9,047,227,200

    Interest to Israel from Advanced Payments
    $1,650,000,000

    Grand Total
    $84,854,827,200

    Total Benefits per Israeli
    $14,630

    Cost to U.S. Taxpayers of U.S.
    Aid to Israel

    Grand Total
    $84,854,827,200

    Interest Costs Borne by U.S.
    $49,936,680,000

    Total Cost to U.S. Taxpayers
    $134,791,507,200

    Total Taxpayer Cost per Israeli
    $23,240
     
  6. jillian
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    jillian Princess Supporting Member

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    what about how our aid has helped the saudis? egypt? iraq??(before we blew it to smithereens), How about Pakistan? India? (and any miscellaneous islamic state you care to mention)....

    I always find myself bemused by everyone's concern over money to Israel. No agenda there, I'm sure.

    And the U.S. has NEVER fought for Israel. If Israel's a success, it's despite ijits who love bashing it....
     
  7. Shogun
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    Shogun Free: Mudholes Stomped

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    HA!


    yea.. every new instigation for the US to bomb the shit out of iran probably ISNT hilarious despite your knee jerk, dual citizen reaction.

    If isreal is a success every jew in zion should remember what price the west must pay for the sake of the promise of a burning bush.


    but please... DEFLECT some more. I've got some articles for you about how pals have been given video camaras that, im sure, prove how antisemitic digital photography is.


    Indeed, tomorrow ill gig up the JEWISH response which, SHOCKINGLY ENOUGH, assumes that jewish settlers MUST HAVE BEEN provoked in order to be caught beating the shit out of elderly pals on tape. Clearly, unless someone films a syran this is just another example of rampant joooo hatred.
     
  8. jillian
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    jillian Princess Supporting Member

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    blah blah blah blah blah....

    *yawn*
     
  9. AllieBaba
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    AllieBaba BANNED

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    I still don't get why we're not supposed to help Israel.
    They help us, they're a free society...why wouldn't we help them?
     
  10. jillian
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    jillian Princess Supporting Member

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    because jews are supposed to be victims and not victors.
     

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