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Israel to Retain Same Exchange Rate for Pound and Jordanian Dinar

November 21, 1967
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The rate of exchange between the Israeli pound and the Jordanian dinar will remain unchanged despite the 14.3 percent devaluation of the Israeli currency, the military governor of the occupied West Bank area decreed today. His ruling was taken in anticipation of action by the Amman authorities to devalue the Jordanian currency and retain its former parity with sterling. Israeli banks in the West Bank area have been accepting Jordanian currency from Arab residents there — a development which has permitted unofficial trade between the area and Jordan proper, mostly in the sale of foodstuffs to Jordan.

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