The Ministry of Finance today approved a 5, 000, 000 pound bond issue to be floated abroad by Fertilizers and Chemicals of Haifa. The bonds paying six and one-half percent interest, will be sold in the United States shortly.
President Ben-Zvi today appointed David Horowitz to a second five-year term as governor of the Bank of Israel. Besides serving as a reserve bank, the State bank also acts as the nation’s financial watch-dog and manages Israel’s accounts with 18 countries with which Israel has trade agreements.
For the first time since the establishment of the State, the cost-of-living index has remained unchanged for more than a half-year period, the Central Bureau of Statistics reported today. While rents increased slightly, poultry and egg prices declined to keep the July index at the same level as January.
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.
