Israel’s finance minister is seeking to stop speculators from exploiting the foreign currency market, Globes reports. The government will abolish a tax exemption for foreign investors on profits from investments in Treasury bills and short-term government bonds. Currently, foreign investors are exempt from the 15% tax rate on profits on transactions in Treasury bills and short-term government bonds. The Israel Tax Authority is drafting an amendment, which will be submitted to the cabinet for approval.

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