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U.N. Reports Reveal Significant Changes in Israel’s Economic Life

Significant changes in Israel’s economy are indicated in two reports by the United Nations Economic and Social Council issued here today. One report contains economic data, the other gives figures on population, and shows that Israel’s population reached 2,469,000 at the end of June this year, as compared with 2,183,332 in May 1961.

The report brings out the rise in wheat flour production and cotton yarn production. It establishes, however, that the production of electricity decreased during the last two years. Israel’s foreign exchange holdings in millions of U. S. dollars totaled 91 in 1958; have risen steadily and totaled 524 million dollars by April 1964.