A new devaluation of the Israel Pound, the second in less than a month, went into effect Tuesday night. The Pound now stands at IL 8.70 to $1. a two percent depreciation from the previous rate. The prices of basic commodities, public transportation and fuel were not affected by the latest devaluation which is intended to spur exports. Those prices rose by an average of 20 percent earlier in the month when the government sharply reduced its price support subsidies.
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.
