Finance Minister Levi Eshkol denied categorically today that there would be any devaluation of Israel’s currency. He made the statement before departing by air for the United States.
“There will be no devaluation and it is time to put an end to such rumors,” he told newsmen at the airport. During his visit to the United States he will discuss economic and financial problems with government and private financial institutions. He will also participate in the current United Jewish Appeal and Israel Bond campaigns. Before returning to Israel, he will visit several European capitals.
David Horowitz, Governor of the Bank of Israel, accompanied the Finance Minister; Mr. Horowitz will continue negotiations with the World Bank in Washington regarding a projected $30,000,000 loan for an Israel road-building program. He will meet with United States bankers and be a guest speaker at the convention of the Research Institute for Democratic Institutions, meeting in California.
Meanwhile, the finance committee of Israel’s Parliament voted today to increase the taxes on air and ship travel from Israel by five percent. Under the new schedule, travelers will be taxed 50 percent of the value of one-way tickets and 45 percent of the value of round-trip tickets. In addition, they will pay the regular tax on ship tickets of 120 pounds ($67.20) and on plane tickets of 140 pounds ($78.40).
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.
