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Knesset Adopts Law Ordering Banks to Give Information on Deposits

August 14, 1952
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The Israel Parliament today adopted in final reading the compulsory loan bill which gives the Finance Minister the right to ask banks for information on deposits.

Meanwhile, Dr. Peretz Naftali, Minister for Economic Co-ordination, today told the Israel Economic Council that controls on foreign exchange would be the last controls to be lifted. He emphasized that controls were not ends in themselves but means to an end. The government, he said, was constantly searching for ways and means to make controls more efficient in the fields in which they must be continued.

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