A draft bill providing for a 25,000,000 pound about $70,000,000–savings bond issue with a dollar-based stable value, was discussed by the Israel Cabinet, according to an official communique today on its weekly meeting. The Cabinet also approved the draft of a bill for establishment of a Postal Savings Bank and set up a committee for the foundation of an Israel National Bank.
A Treasury report issued today revealed that currency in circulation has again risen by 2,000,000 pounds, reaching 79,883,000 pounds this week as against 77,933,000 pounds last week.
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.
