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U.S. Exports to Palestine Were Doubled in 1932

Palestinian imports from the United States rose from 257,370 pounds in 1931 to 520,450 pounds in 1932, despite the 23 per cent depreciation of the Palestinian pound, the Palestine Economic News, published by the American Economic Committee for Palestine, reports.

A considerable part of the increase, the paper declared, was due to the purchases by the Iraq Petroleum Company, for the oil pipeline under construction from Mosul to Haifa. There was also an increased demand for practically all the leading American items.