The Day the New Israeli Shekel Saved Us From Greece's Fate

The Economic Stabilization Plan, approved after a 24-hour cabinet meeting on June 30, 1985, put an end to over a decade of steadily increasing inflation.

Ofer Aderet
Ofer Aderet
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Head of the unity government, Shimon Peres chairs a meeting on the economic plan, June 30, 1985. Credit: Hananya Herman / GPO

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