The shekel-dollar exchange rate fell 0.70% to NIS 3.885/$ following the announcement and the shekel-euro exchange rate fell 2.12% NIS 5.501/€.
A Bank of Israel source said, "The situation is back to normal. The program was more suited to other times, so we stopped the purchases."
Bank of Israel said that it would still intervene "when necessary", but that it would not announce when, except in its monthly foreign currency reserves announcements.
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