By Jay Grenby, November 6, 2008
Charities raising funds for Israeli causes have more than the credit crunch to contend with. Around a 25 per cent fall in exchange rates means that funds generated are worth considerably less in Israeli currency.
"We are presently getting a lot fewer shekels for our pounds than hitherto," reported Alison Rosen, executive director of Wizo UK, which supports welfare and educational projects in Israel. "This effectively reduces the amount of money we can send and we therefore need to raise more than ever to maintain even the same level of support."