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The Southern Jewish Weekly
Jacksonville, Duval County, Florida
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In 1949, Israel anticipates peace with Transjordan within three months despite Egyptian issues. Truman promises de jure US recognition post-January elections and political aid. Emissaries seek $100M Export-Import Bank loan amid financial urgency; Jewish Agency pushes for unified Israeli pound exchange rate (3 USD abroad, 4 inside) to boost investments.
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BY BORIS SMOLAR
(Copyright, 1948, Jewish Telegraphic Agency, Inc.)
HAPPY NEW YEAR: The peace of 1949 holds out good promises for Israel . . .
Israeli leaders expect to reach a peace settlement with Transjordan within three months, despite difficulties in Egypt . . .
And President Truman has quietly promised Jewish leaders that no matter what the world situation may be, he will see to it that Israel is given de jure recognition by the United States immediately after the Israeli national elections which are scheduled for the end of January . . . He also assured them of other form of American political aid to Israel . . .
Israeli emissaries in the United States are at present hard at work behind the scene to secure, as quickly as possible, the $100,000,000 loan from the Export-Import Bank. The question of the loan now overshadows all other interests which the government of Israel has in the United States . . . This is because the financial situation of the Jewish state is such that it requires urgent action to cover immediate obligations and to maintain economic stability . . .
Incidentally, American Jews planning to make investments in Israel will soon find it very profitable to so so . . . The economic department of the Jewish Agency is seeking to remove the dual exchange rate obstacles which now prevail in Israel . . . At present the Israeli pound is exchanged for three dollars abroad and for four dollars inside the country . . . Both rates are official . . . Some foreign investors would like to see a single, stabilized rate of exchange, and the Jewish Agency, which promotes investments in Israel, is working in this direction . . .
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Foreign News Details
Primary Location
Israel
Event Date
End Of January
Key Persons
Outcome
de jure recognition by the united states immediately after the israeli national elections; $100,000,000 loan from the export-import bank; peace settlement with transjordan within three months
Event Details
Israeli leaders expect to reach a peace settlement with Transjordan within three months despite difficulties in Egypt. President Truman has promised Jewish leaders de jure recognition of Israel by the United States immediately after the Israeli national elections at the end of January and other forms of American political aid. Israeli emissaries are working to secure a $100,000,000 loan from the Export-Import Bank due to urgent financial obligations. The Jewish Agency is seeking to remove dual exchange rates for the Israeli pound, which is three dollars abroad and four dollars inside the country, aiming for a single stabilized rate to promote investments.