The Bank of Israel said it would sell up to $30 billion of the currency as part of a program to support markets amid the escalating conflict.
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The central bank’s work over the coming period will aim to smooth out volatility in the shekel exchange rate and provide needed liquidity, according to a statement released on Monday.
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On Saturday morning, Israel was hit by an unprecedented rocket attack from the Gaza Strip. The press service of the Israeli army said that more than 3 thousand rockets were launched. In addition, Hamas fighters, after massive rocket attacks, penetrated into the border areas in southern Israel.
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The death toll of Israeli residents as a result of the escalation of the Israeli-Palestinian conflict has exceeded 700 people, the i24 News channel reported on Sunday evening. According to the latest data from the Palestinian Ministry of Health, the death toll as a result of Israeli strikes on the Gaza Strip has exceeded 400 people, with 2,300 injured.
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The Al-Qassam Brigades (the military wing of Hamas) said they had captured dozens of Israeli soldiers and officers. Hamas Politburo member Musa Abu Marzouk later said that more than 100 Israeli citizens, including high-ranking military officials, were captured and held in the Gaza Strip.
