Dollars $.

This is coolbert:

Yet more, war is bad for the economy. How to pay for the war? The Gazan War! Israel needs cash!

"Israel Goes on First Billions-Worth Bond Sale Spree Since Hamas War"

https://sputnikglobe.com

"Numerous woes have been plaguing Israel’s economy in the wake of Hamas’ attack last October that triggered a new spiral of the Palestine-Israel conflict. The GDP shrank by over 19 percent in annualized terms in the final quarter of 2023, and Moody's Investors Service lowered Israel's credit rating from A1 to A2 in February."

"Israel has sold its first batch of international dollar bonds in the public market since it unleashed its war on Hamas."

"In a bid to shore up badly needed funds, Israel issued $8 billion worth of bonds. The transaction featured $2 billion in notes maturing in five years, $3 billion in bonds due in 10 years, and $3 billion in notes due in 30 years, according to sources cited by Bloomberg. The size of the bond issuance makes it Israel’s biggest sale of dollar notes on record."

See a discussion of the international dollar bond $. A concept that until just now was totally alien to me.

Vital currency and reserves removed from the financial markets bad for the capitalist system. A tightened money supply bad for business!

See previous blog entry with additional embedded link financial aspects the Gazan War the Israeli experience:

https://militaryanalysis.blogspot.com/2024/02/moodys.html

coolbert.