WE ORE
OLWOYS
BUYING
Importers Absorb
Higher Costs?
Jerusalem (JPFS) — Prices of
imports should not rise as a
result of the shekel's recent
depreciation, Israel Finance
Minister Avraham Shohat said.
Mr. Shohat hoped importers
would unilaterally absorb the
ensuing higher cost of foreign-
made goods. The shekel's
plunge against main foreign
currencies continued May 10
when it traded as low as 3.284
to the dollar.
Many Israeli exporters, es-
pecially in low-tech industries,
have been complaining over the
past three years that the shekel
is over-valued and was, there-
fore, hurting sales abroad. Most
economists, however, blamed
Israel's yawning trade deficit —
which exceeded $121 billion in
1995 — to the government's ex-
pansive fiscal policies rather
than to the exchange rate.
Speaking on Israel Radio,
Mr. Shohat said he was not
afraid of new pay demands by
the public sector, since he was
sure the shekel's devaluation
would not have a "dramatic" im-
pact on consumer prices. The
-Bank of Israel, apparently con-
tent with the market's adjust-
ment of its previously
over-valued currency, has stuck
by its policy of the past few
months by refraining from
trade intervention.
.
,—)
Survey Says
Inflation Up
/—
/- -""
Jerusalem (JPFS) — Bank Dis-
count's economists are forecast-
ing 12 to 12.5-percent inflation
this year in Israel, up from last
year's 8.1 percent.
At the start of the year, com-
mercial banks predicted an in-
flation rate of 8-10 percent and
Discount had predicted an an-
nu 21 rate of 11 percent in March.
A bank spokesman said the
forecast takes into account the
dollar's recent surge against the
shekel.
The consumer price index in-
creased by 14 percent during
this year's first quarter. The
economists said part of the rise
was due to an increase in hous-
ing prices, which had remained
relatively stable until the end of
last year.
According to the economists,
single-digit inflation will not be
achieved in 1996 as long as the
growth in consumer credit stays
at 20 percent per year. In April,
it increased by 1.5-2 percent.
The bank said the public's in-
flationary expectations for next
year have continuously risen in
recent months, reaching 12 per-
cent in April.
SILVER COINS
GOLD COINS
TIFFANY
FRANKLIN MINT
STERLING SILVER
SILVER DOLLARS
ANTIQUE SILVER
FLATWARE SETS
CANDLESTICKS
PAPER MONEY
PATEK PHILLIPE
VACHERON
TEA SERVICES
CARTIER
VAN CLEEF
POSTCARDS
PENDANTS
ROYAL DOULTON
ANTIQUE JEWELRY
POCKET WATCHES
COIN COLLECTIONS
ROLEX WATCHES
STICK PINS
BROACHES
HUMMELS
SILVER BARS
DIAMONDS
GEMSTONES
SCRAP GOLD
OBJECTS D'ART
BOWLS 6 TRAYS
COIN WATCHES
RINGS
PIAGET
10-24 KARAT GOLD
CHAINS
EARRINGS
We are interested in serving
you or your client in the
appraisal or liquidation of
your coins, jewelry, col-
lectibles or an entire estate.
PLEASE CALL OR STOP IN!
Erhard
B_
3 Great Cars...At Value Payments!
„„„, . •
By
Appointment
•
' •
• The automobile shown has optional active package
1
1393 S. WOODWARD AVE.,
BIRMINGHAM, Ml 48009
(810) 644-8565
Morh-fri. 9-6 Saturday 9-3
Metro Deals for Over 35 Years
FREE WOOLED
MAMMA=
For Ki to 36 monds-38,000
mi. on a leased IC
98 BMW 3211a
- • • •• •• •••• •
Your
Home
or Office
.....
=MIMI
II ■ ID
=MN
MM.
=MOM
MON.
...
•■•■••
MIN=
=
MION ■ 1
•■
1•111 ■■
OMMIM
■ 11•11111
AM.
...
%MP
1■ 1111
custom .
_ shirts
by
•• •
MIN ■ O
■ IIIMIPB
_ marihin
1 1 1 Custom
......
—
Shirts & Accessories
At Discounted Prices
'96 BMW 74011.
•
T
Men's Fashion
Coordinator&
Shirt Designer
For 20 Years
9W-123
Larry Paul makes
FURNITURE
NEW.
If
Custom, Restoration,
Lacquering,
Refinishing of new
or old furniture,
antiques, office
furniture, pianos.
For Free
Estimates
(810) 681-8280
CLASSIFIED
GET RESULTS!
Call The Jewish News
354-5959
•
ERHARD
BMW
042- 65 05
Michigan's Largest and Most
4065 Maple
Experienced BMW Dealer
Just E. of Telegraph
Bloomfield Hills
Family Owned and Operated Since 1964
OPEN
SATURDAY
SALES
10A.M.-4P.M.
SERVICE/PARTS/SALES
Mon, & Ihrs. 'til 9 p.m.
'30 month closed end lease subject to approved credit with BMWFS. $2500 non-refundable down payment required. Title, license, and use tax additional. A security deposit of $300 for 318tia, $450.00 for
328ia and $900.00 for 740iL. 10,000 miles per year limit S.15 cents per mile over limit. MSRP of S22,105 for 318tia, $36,020 for 328ia, and $65,000 for 740iL. Option to purchase at lease end of $14589
for 318tia, $24,494 for 328tia, and $40,300 for 740iL. Total payments equal to ad price +6% x 36. Vehicles subject to availability and may need to be ordered. The 318tia pictured has Active Package op-
tion at additional cost. Scheduled Maintenance provided by BMW of Norht America for any 1996 vehicle leased through BMWRS for a period of 36 months or 36,000 miles. Offer ends May 31, 1996.