ABSTRACT
The Jordanian dinar has remained, along with the Israeli currency, the legal tender. Negotiations to reopen the banks in the West Bank between Israeli and Jordanian monetary officials were held through the offices of the International Monetary Fund. The Israeli authorities have demanded that the Bank's liquidity be increased by one million Israeli pounds and that the owners bring forward a certificate attesting that the Bank's money deposited in Egypt is free of any restriction. Investment by the military government in the expansion of public services has been extremely modest and investment by the municipalities has remained constrained by their scarce budgetary resources and by the several restrictions imposed upon them by the Israeli authorities. Private investment has for the most part been used to construct residential buildings and to buy consumer durable goods, such as cars and television sets.
