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Israel Will Not Compel Citizens to Declare Their Gold Holdings, Official Says

December 5, 1949
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David Horowitz, director-general of the Israel Finance Ministry, denied during the week-end that the government was planning to compel citizens to declare their gold holdings.

He announced that restrictions hitherto imposed on the issuance of exit permits, which deterred prospective investors from settling in Israel, would be lifted under the governments now “liberalization” policy.

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