Israel’s Indebtedness Totals $397,000,000, Treasury Reveals
Menu JTA Search

Israel’s Indebtedness Totals $397,000,000, Treasury Reveals

Download PDF for this date

Israel’s total indebtedness at the end of June, 1953, was $397,280,000, according to Treasury director Pinchas Saphir.

Mr. Saphir told newsmen that $365,000,000 of the total was owed in United States dollars, and the remainder in French, Swiss and Belgian francs and Dutch florins. He said that short-term debts totalled nearly $74,000,000, medium-term debts totalled more than $55,000,000, while long-term debts came to over $269,000,000. Included in the latter category are bond obligations and loans granted by the Export-Import Bank of the United States.

Founding Funders

The digitization of the JTA Archive would not have been possible without the generous support of the following donors:
  • The Gottesman Fund
  • Righteous Persons Foundation
  • Charles H. Revson Foundation
  • Elisa Spungen Bildner and Robert Bildner, in honor of Norma Spungen
  • George S. Blumenthal
  • Grace and Scott Offen Charitable Fund