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Israel’s Foreign Debt $23 Billion in 1984

From Reuters

Israel’s foreign debt, the highest per capita in the world, grew by $560 million in 1984 to reach nearly $23.39 billion, the Bank of Israel said Monday.

Israel must make loan repayments totaling $3.4 billion this year, a bank spokesman said.

The country’s foreign-currency reserves are only $2 billion, well below the $3 billion regarded by economists as the minimum working level.

To help Israel weather the crisis, the United States is to give $1.5 billion of emergency aid in addition to the $2.6 billion already granted this year.

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