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Israel May Lift Foreign Currency Controls; Eshkol Lauds U.S. Jews

The possibility that Israel will be in a position to lift foreign currency controls if American Jewry succeeds in raising $75,000,000 in loans to help Israel retire its short-term obligations, was held out here today by Finance Minister Levi Eshkol in a report to the Cabinet on his trip to the United States.

Mr. Eshkol, who returned to Israel this week-end after ten days in the U. S. where he worked with Jewish leaders on the loan, said he believes American Jewry will be able to arrange the long-term laans which Israel needs. Earlier, interviewed by newsmen, he praised the efforts of the American Jews to help Israel.