Kaplan Sets New High Value for Israel Bonds Used in Jewish State

A decision which will be of special interest to Americans now planning to visit Israel was announced here today by the office directing the sale of Israeli bonds in the United States. Pointing out that with the revaluation of Israel currency the question arose as to the value at which the Israel bond might be converted in the Jewish state, the announcement says that Finance Minister Eliezer Kaplan has issued the following ruling:

“An individual coming to Israel with State of Israel bonds may convert the first $200 of such bonds at the rate of $1.40 to the pound. For amounts in excess of $200 in Israel bonds, the conversion will be at the rate of one dollar to the pound. “This gives full recognition to the Israel bond as available for use in Israel for investment in any enterprise or for purchase,”the announcement emphasizes.