The exchange rate of the U.S. dollar will reach IL 26 at the end of the next fiscal year, according to the draft budget prepared by the Treasury. The dollar now stands at 19 Israel Pounds. But with an expected devaluation rate of some 40 percent until April, 1980, the dollar will cost seven more Pounds. By April, 1979, the Treasury expects the dollar to stand at IL 22, a devaluation of 15 percent.
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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.
