American tourists converting Israel bonds to Israel pounds while visiting the Jewish State will henceforth receive 1.80 pounds for each dollar in Israel bond value; according to regulations just issued by the Israel Finance Ministry. As a result, Israel Bonds now have the most favorable conversion rate available.
This new benefit for Israel bondholders is based on the conversion rate of one pound for one dollar, with an added premium of eighty percent to tourists. Each tourist is limited to a maximum of 1,000 Israel pounds in premiums each month.
A tourist converting $500 in Israel Independence Coupon Bonds will receive a total of 900 Israel pounds (500 pounds at the regular conversion rate, plus 400 pounds premium). In the case of Israel Savings Bonds, Conversion is based on the purchase price of the bond plus accumulated interest. As a result of the new regulations, Israel will become one of the least expensive countries for American tourists.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
