Success: Zionist regime's currency plummets
July 1, 2002
The Zionist regime's currency, the shekel, continued its nosedive
Sunday, losing more of its value against the US dollar and other
The shekel was sold at 5.01 to the dollar in afternoon market trading,
losing another full percentage point of its value in less than 48
The shekel lost nearly 25 percent of its value since Zionist Prime
Minister Ariel Sharon came to power sixteen months ago.
Experts attribute the continued downturn of the shekel to the continuation
of the Palestinian uprising against Isr**li occupation and apartheid
and also to the constantly dwindling confidence in the Zionist economy
as a whole.
The Zionist regime is likely to respond to the deterioration in
the shekel's value by raising the interest rate for the second time
in less than a month.
Three weeks ago, the Bank of Isr**l raised the interest rate by
However, the measure has proved to be too little and too late.
The devaluation of the shekel is having conspicuously negative
effects on economic conditions throughout the Zionist state, with
ordinary citizens racing to get rid of their shekels in favor of
the more stable currencies.
Moreover, the net value of Isr**lis' incomes has dropped by more
than 20 percent in less than a year.
The dismal outlook is made to look even bleaker by the continuing
rise in unemployment and joblessness.
Last week, the unemployment rate reached 11 percent of the Zionist