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

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.

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