Finance Minister Pinhas Sapir declared today there was no foundation for rumors of another devaluation of Israel’s pound.
“Devaluation will not solve any problems any more than the 1962 devaluation solved any of the problems of Israel’s economy, ” he said. He also reported that the Government was preparing a new economic program aimed at reducing consumption and limiting expenditures on public construction.
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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.
