SparkIL announced the launch of a NIS 10 million ($2.8 million) Emergency Loan Fund that provides small businesses affected by the war with up to NIS 100,000 ($28,000) in assistance per business.
Decisions made by rating agencies will undoubtedly have a lasting impact on financial landscape, government's fiscal policies, and overall well-being of Israeli citizens.
The shekel-dollar rate has dropped below NIS 3.6, indicating the Israeli currency’s increasing strength — but it may be coming as a result of deeper issues.
Insufficient compensation plans and widespread tax evasion contribute to a thriving black market, costing taxpayers hundreds of thousands of shekels and risking criminal penalties.