Israel’s total indebtedness at the end of June, 1953, was $397,280,000, according to Treasury director Pinchas Saphir.
Mr. Saphir told newsmen that $365,000,000 of the total was owed in United States dollars, and the remainder in French, Swiss and Belgian francs and Dutch florins. He said that short-term debts totalled nearly $74,000,000, medium-term debts totalled more than $55,000,000, while long-term debts came to over $269,000,000. Included in the latter category are bond obligations and loans granted by the Export-Import Bank of the United States.
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.
