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Israeli soldiers head south near Ashkelon, Israel, on Saturday, Oct. 7, 2023.
Israeli soldiers head south near Ashkelon, Israel, on Saturday, Oct. 7, 2023.

AP Photo/Ohad Zwigenberg

  • Israel's central bank forecasts war with Hamas to cost $53 billion between 2023 and 2025, per the WSJ.
  • More than half that amount will be for ramped up defense spending.
  • Israel's shekel has surged against the dollar in November.

New estimates from the Israeli central bank forecast the war with Hamas to cost Israel roughly $53 billion between now and 2025, according to a Wall Street Journal report.

Tags
economy, Markets, mi-exclusive, Markets, Israel, hamas, conflict, War, central-bank, Currency, shekel, Dollar, defense-spending, Military
Source
Israel's war with Hamas will cost $53 billion, Israeli central bank says