Israeli Shekel getting stronger and stronger creating financial pressure for Americans in Israel

 A strengthening Israeli shekel is creating growing financial pressure for Americans living in Israel and for nonprofits that rely heavily on donations from the United States, according to a report by the Jewish Telegraphic Agency.

The shekel has climbed to near-record highs against the U.S. dollar, trading at less than three shekels to the dollar, its strongest level in decades.

 While the stronger currency has been viewed by some as a sign of resilience in Israel’s economy during wartime, many Americans in Israel say it has sharply increased their cost of living.