Several hundred American Jewish tourists, who arrived here this week find themselves severely handicapped by a shortage of cash. The Palestine banks definitely refuse to cash American checks. Moreover, it is feared that the financial situation in America may seriously affect Palestine development, since the tendency to prevent the export of American money may hit not only the newly planned investments, but also those already instituted by American investors the rest of whose money is still in America.
JTA has documented Jewish history in real-time for over a century. Keep our journalism strong by joining us in supporting independent, award-winning reporting.
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.