State Dept. Studying Complaint of American Exporters Against Israeli Currency
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State Dept. Studying Complaint of American Exporters Against Israeli Currency

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The State Department was considering today the charge of the Commerce and Industry Association of New York that Israel’s new currency is working a discrimination against American exporters.

A Department spokesman said today that the situation is being studied, after receipt of a communication from the export group saying Israel’s practice of selling their $4.00 pound for $3.00 in the United States “causes a hardship for American exporters because it amounts, in fact, to a premium or additional duty of 33 percent.”

Calling the differential “apparent discrimination,” the group has asked the State Department what steps it would take to “protect the interests of American exporters in Israel.”

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