/„.
Inflation Rate:
13-15 Percent
Israel's top 50 business leaders
believe the country's inflation
rate this year will be between 13
and 15 percent, while next year's
figure will reach between 12-15
percent, according to a survey
conducted by the Chambers of
Commerce.
Slightly more than half the
leaders feel that peace treaties
with Jordan and Morocco will af-
fect the country's economic de-
velopment.
and Swimwear all year.
13
U.S. long-term interest rates are
coming close to the limit beyond
which it will not be worthwhile
to raise funds by means of the
U.S. loan guarantees, Finance
Minister Avraham Shohat told
the Jerusalem Post.
Mr. Shohat said when one
adds the U.S. government's
scoring costs (the amount of in-
surance in case Israel defaults)
and the underwriting costs to
the high interest rates, the loans
are getting to be very expensive.
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Bank Hapoalim of Israel has
signed an agreement in princi-
ple to sell Bank Hapoalim (Cana-
da), a fully-owned subsidiary, to
Republic National Bank of New
York.
Republic National Bank of
New York, controlled by Edmond
Safra, plans to merge Bank
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ness activities in Canada.
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picture would be appreciated. It can be col-
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