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.
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.