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Foreign Currency Restrictions Eased

The Treasury and Bank of Israel announced Thursday an easing of foreign currency restrictions for Israelis travelling abroad and those who stay home. Starting immediately, Israelis travelling overseas may take $2,000 per person in U.S. currency. The previous limit was $800. Israelis may also hold foreign currency in the equivalent of $2,000 in their bank accounts and may send gifts of up to $1,000 abroad per year, up from $300.