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between the euro and the Israel Shk are listed in the financial press as follows: Spot Rates: 4.7250 Shk / and 0.21164 / Shk 90

between the euro and the Israel Shk are listed in the financial press as follows:

Spot Rates: 4.7250 Shk / and 0.21164 / Shk

90 days rates: 4.7506 Shk / and 0.21050 / Shk.

The money market interest rate for 90 days euro deposits are 7.5% annualized. What is implied about the interest rates in Israel if full interest power parity is applied?

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