A recent study by the Bank of Israel warned that large-scale redemption of cost-of-living linked government bonds could lead to a rate of inflation reminiscent of certain South American countries. The value of the bonds is linked to the constantly rising cost-of-living index although the rate of interest they pay is not. According to the Bank of Israel, the government will redeem IL 8.6 billion worth of bonds this year and IL 12.7 billion next year. The redemption rate will soar to IL 20.6 billion in 1978 and decline to IL 15.6 billion in 1979.
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.
