Ella 
Israel’s central bank announced on Monday a plan to sell up to $30 billion in foreign currency to support markets after Hamas launched a military attack over the weekend.
Up to $15 billion of liquidity will be provided to the market through swap facilities if necessary.
Market operations will be maintained in the coming period to moderate NIS volatility and provide necessary liquidity.
We will continue to monitor developments in all markets and take action where necessary using existing tools.
The Israeli new shekel opened sharply bearish against the U.S. dollar on Monday as investors worried about an escalation in military conflict between Israel and the Palestinian Hamas movement over the weekend.
USD/NIS jumped to 3.9230, its highest level since February 2016, before reversing to the 3.9050 area as the central bank launched plans to stabilize the currency. USD/NIS was still up 1.40% on the day.
