Israel's currency devalues by 8.3 pct in less than 2 months

JERUSALEM, March 20 (Xinhua) -- The value of Israel's currency shekel on Monday continued its downward trend, shedding 8.3 percent of its value against the U.S. dollar in less than two months.

Exchanges rates published by the Central Bank of Israel on Monday traded the U.S. dollar at 3.677 shekels, registering one of the lowest exchange rates against the greenback during the past three years.