Israel announced reforms that would scrap foreign currency restrictions currently imposed on Israeli individuals and businesses. The reforms will enable Israelis to invest abroad freely for the first time ever, including in land and real estate. Israeli citizens will also be permitted to open bank accounts abroad, hold foreign currency at home and take an unlimited amount of foreign currency out of the country. Previously, Israelis were only allowed to take up to $7,000 out of the country.
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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.
