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Israel pushes for sovereign wealth fund to protect shekel

Posted on 17 April 2013

Israel is on its way to launching a sovereign wealth fund (SWF), designed to prevent a steep appreciation of the shekel following the country’s plans to allow access to its natural gas fields.
The country’s cabinet voted to re-approve the establishment of a SWF, after the initial proposal from the previous administration failed to be passed by the Knesset - the Israeli legislative branch of government which passes all laws - before its election in January…………………………………….Full Article: Source


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