Minister of Commerce Pinhas Saphir today told the Knesset that the Government has no intention of devaluating Israel’s currency. “There has been no discussion of devaluation of the currency and there is no such intention,” he stated.
The Minister made the statement in reply to a request from A. Rubin, Mapam member of Knesset. Dr. Rubin requested that the Government make an authoritative statement on rumors that devaluation of the Israel pound was being considered.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
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.
