BRIEF: Lapid: We will weaken the shekel

Source: Globes, Tel Aviv, IsraelOct.儲存 24--"We are going to do everything in our power to make sure we are weakening the shekel. It is too strong," Minister of Finance Yair Lapid told "Bloomberg" today, adding that he would work with the new Governor of the Bank of Israel Dr. Karnit Flug to weaken the shekel. He did not say what the exchange rate ought to be.Lapid was vague about the actions he planned to take, following the faimini storageure of repeated interventions in the foreign currency market by the Bank of Israel and the Ministry of Finance failed to stem the strengthening of the shekel for any length of time. "I am not going to say what we are going to do," he said.Copyright: ___ (c)2013 the Globes (Tel Aviv, Israel) Visit the Globes (Tel Aviv, Israel) at .globes.co.il/serveen/globes/nodeview.asp?fid=942 Distributed by MCT Information Servicesself storage