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midastouch017

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midastouch017

Re: swampboots post# 3516

Thursday, 02/14/2008 9:16:51 AM

Thursday, February 14, 2008 9:16:51 AM

Post# of 3562
>>Fischer added that the shekel was strong because the Israeli economy was strong. "$50-100 million enters the Israeli economy every day. Nothing can be done to stop the pressure of foreign investors or against the strength of the Israeli economy." >>

http://globes-online.com/serveen/globes/docview.asp?did=1000309563&fid=942

Israeli exporters are complaining, their expenses in
foreign currency while revenue is in Shekels...
Wherever competition allows, exporters might try to raise
prices, otherwise indeed face lower profit margins.

Dubi
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