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Rush on Banks in Israel Stopped; Many Re-open. Their Accounts

February 13, 1952
See Original Daily Bulletin From This Date
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The rush on banks which prevailed here during the last few days ceased today in anticipation of Premier David Ben Gurion’s recommendations in Parliament tomorrow with regard to the stabilization of the economic situation in the country.

Many were re-opening their accounts in the banks today, as it became apparent that no devaluation of the Israeli currency will be recommended by the Premier. It was also known today that the Premier does not intend to recommend freezing of wages, but that increased wages are to be dependent on increased output.

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