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Israel Bank at War with Merrill Lynch, Morgan Stanley, over Shekel Speculative Buying

Karnit Flug with the 'enemies' / Photo credit: Montage of copyright-free images

(JNi.media

The result of the bank’s exceptionally large single purchase was a steep decline in the value of the shekel, from just over 3.3 NIS to the dollar to as much as 3.5.

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