JERUSALEM, April 13 (JTA) — The dollar is expected to become legal currency in Israel in a matter of weeks. Under a plan to liberalize the country’s currency regulations, Israelis would be able to purchase any amount of dollars and use them in transactions, including the purchases of homes. Under the plan, Israelis will be able to take out of the country any sum of money, in any currency, and will be able to open foreign bank accounts. The liberalization would also allow Israelis to make unlimited investments abroad and end restrictions on the use of credit cards overseas.
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