Defense echelon lost quarter of a billion dollars

By JPOST.COM STAFF
May 8, 2007 20:22




The defense echelon lost a quarter of a billion dollars in American aid funds, Channel 10 reported on Tuesday evening. The loss, said the report, was a result of a lack of preparation for the intensive weakening of the US dollar over the last few days. On Monday, the dollar plummeted below 4.00 NIS. - a seven-year high for the shekel.


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