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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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.
