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The Israeli shekel: Giving the euro a run for its money
Since the beginning of 2008, the shekel has made significant gains against most of the world's major currencies; 15% against the U.S. dollar, as well as just a little more against the British pound and the Canadian dollar, 8% against the Swedish kroner and 24% against the South African rand. And against the euro? The shekel has strengthened by 9% against the European currency. But even with a strong currency, Israel still hopes to attracts flocks of tourists, 2.8 million this year alone.