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Israeli shekel drops 6 percent

Jan. 3, 2002 at 12:10 PM   |   Comments

TEL AVIV, Israel, Jan. 3 (UPI) -- The value of the Israeli shekel dropped Thursday, to a record NIS 4.473 to the U.S. dollar. That marks a 6.2 percent drop within two weeks. Finance Minister Silvan Shalom said the process was "one of the best tidings in a long time."
© 2002 United Press International, Inc. All Rights Reserved. Any reproduction, republication, redistribution and/or modification of any UPI content is expressly prohibited without UPI's prior written consent.
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