Bank of Israel: Abolish fluctuation band now

Bank of Israel deputy division head David El-Kayam has recommended abolishing Israel's exchange rate fluctuation band and switching to a fully floating exchange rate regime. "It seems that right now, when the chances of approaching the fluctuation band limits are low, is a suitable moment to abolish them," he said.

Source: Globes Online

"There is no need to be frightened from exchange rate fluctuations. The time has come to abolish the exchange rate fluctuation band's upper and lower limits," s

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