News Briefs

  Sivan 14, 5767 , 31/05/07

Israelis Holding $500 Billion

The roaring economy has left Israelis with $500 billions in assets, the Bank of Israel reported Thursday. Most of the money is in savings and insurance plans, and more than $100 billion is held in stocks.

The huge amount of holdings is a potential vehicle for further growth but also could overheat the economy if individuals spend the money too quickly.
Other archived news briefs:May 31 2007, 02:11 PM, 5/31/2007