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News Brief

July 15, 1985
See Original Daily Bulletin From This Date

The government is planning to circumcize the Shekel — by lopping off zeroes. Government sources indicated unofficially that this will be done at the end of the first three-month phase of the economic emergency program. Presumably, the current 100 or 1,000 Shekel note will then become one new Shekel. The official rate of exchange for the Shekel presently stands at 1,500 to $1. This is the result of the July 1 devaluation.

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