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Israeli Shekel Falls After Pager Blow-Up in Lebanon | Economy

manhattantribune.com by manhattantribune.com
17 September 2024
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Israeli Shekel Falls After Pager Blow-Up in Lebanon | Economy
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The Israeli shekel touched its lowest level against the dollar in evening trading on Tuesday after a security incident in Lebanon that left dozens of citizens injured, according to Anadolu Agency.

For its part, Maariv newspaper reported the collapse of the shekel against the backdrop of the explosion of communication devices in Lebanon.

Today, Tuesday, the National News Agency said that “a security incident occurred in the southern suburbs of Beirut and several Lebanese regions, where a hand-held pager system was detonated using advanced technology,” and the agency spoke of dozens of injuries.

By 14:20 GMT, the Israeli shekel had fallen to 3.8 to the dollar, down from 3.73 shekels before the security incident in Lebanon.

The shekel exchange rate has fluctuated since the opening of yesterday’s session, Monday, after the increase in Israeli statements calling for restoring stability to the north, amid fears of the war on Gaza expanding regionally.

The shekel exchange rate recorded this evening is the lowest since August 7, according to historical exchange rate data issued by the Bank of Israel.

Reuters quoted Lebanese security sources as confirming that more than a thousand people were injured in Lebanon as a result of the explosion of mobile pager communication devices.

The sources added that the communication devices that exploded in Lebanon are the latest model brought by Hezbollah in the past few months.

Israel has not officially announced its adoption of the technical breach, but the National News Agency in Lebanon said that “the Israeli enemy has breached pagers, which are phones that are not connected to the Internet.”

Tags: BlowUpeconomyfallsIsraeliLebanonPagershekel
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