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So. American Zionists Back Middle Class Immigrants on Exchange Rate

A demand that Israel Finance Minister Levi Eshkol reinstate a preferential exchange rate for middle class immigrants who bring capital with them to Israel was voted here today at a South American conference of General Zionists.

The parley, attended by 200 delegates from Argentina, Bolivia, Brazil, Chile, Colombia, Paraguay and Uruguay, warned that ending the preferential rate would adversely affect middle class immigration to Israel, a major portion of which comes from Latin America. The delegates decided to create special Latin American center for Zionist youth work and for organizing women into the General Zionist movement.