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News Brief

April 20, 1976
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The Israeli Pound was mini-devalued again at midnight Sunday–to 7.67 to the U.S. dollar. This was the eighth “mini-devaluation” since the policy was introduced last summer. Treasury officials said the devaluation should not result in any price rises in basic commodities, fuel and fares. Imports, however, were expected to go up proportionately.

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