The Bank of Israel said it will sell as much as $30 billion as part of a program to support markets following the attack by Hamas militants.

The central bank will operate in the market during the coming period in order to smooth out volatility in the shekel’s exchange rate and provide the necessary liquidity, according to a statement on Monday.

Israel’s currency slipped 1.8% to 3.9146 per dollar, the weakest in seven years.