The Ministry of Finance today approved a 5, 000, 000 pound bond issue to be floated abroad by Fertilizers and Chemicals of Haifa. The bonds paying six and one-half percent interest, will be sold in the United States shortly.
President Ben-Zvi today appointed David Horowitz to a second five-year term as governor of the Bank of Israel. Besides serving as a reserve bank, the State bank also acts as the nation’s financial watch-dog and manages Israel’s accounts with 18 countries with which Israel has trade agreements.
For the first time since the establishment of the State, the cost-of-living index has remained unchanged for more than a half-year period, the Central Bureau of Statistics reported today. While rents increased slightly, poultry and egg prices declined to keep the July index at the same level as January.
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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.
