Israel to consider limiting ownership of precious metals

“New report shows Israeli prime minister looks to make sweeping monetary changes in fight against illicit money use…Economists predict that by fighting black market money, Israel could increase its tax revenues by $24 to $31 billion by 2030. Under the plan, exchanging 200-shekel notes would be permitted within a short time frame, which is expected to prevent criminal organizations from disposing of the money.”

Israel to consider limiting ownership of precious metals – The Jerusalem Post (jpost.com)

Published by markskidmore

Mark Skidmore is Professor of Economics at Michigan State University where he holds the Morris Chair in State and Local Government Finance and Policy. His research focuses on topics in public finance, regional economics, and the economics of natural disasters. Mark created the Lighthouse Economics website and blog to share economic research and information relevant for navigating tumultuous times.

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