VIDEO: How Much is the State of Israel Worth? – NIS 17,638,763,277,054

(VIDEO IN EXTENDED ARTICLE)

The Israel Finance Minister and his deputy on the Stock Exchange held a festive opening of an event Tuesday, morning, 3 Elul, during which they declared the value of the State of Israel. How was the idea born? Who can buy State of Israel stock and what is the minimum investment threshold?

Finance Minister Moshe Kahlon, Deputy Finance Minister Itzik Cohen and the CEO of the Tel Aviv Stock Exchange took part in a festive ceremony during which the three opened the trading day in Tel Aviv.

A few minutes before the start of trading, Minister Kahlon announced the value of the State of Israel share, which is expected to be issued within a few months, subject to the conclusion of the legislative process. According to Kahlon, the issue behind the state shares is a recent rating published by the World Bank, which lists the value of a series of countries and economies in the world.

In the framework of the issuing of shares, which, as stated, depends on the end of the legislative process, citizens of the State of Israel will be able to invest in the share of government companies, with the minimal entry threshold for trading to be a few thousand shekels “In order to permit every citizen to enjoy the economic prosperity of the State of Israel, Kahlon explained.

The share value, NIS 17,638,763,277,054, was explained by Minister Kahlon in a series of economic achievements and the high ranking of the State of Israel, one of the 17 strongest economies in the world.

“I’ll try to read it, okay?” Minister Kahlon said, smiling at the dozens of cameras that were on the stock exchange gates this morning. “Seventeen trillion, six hundred and thirty-eight billion, seven hundred and sixty-three million, two hundred seventy-seven thousand, and fifty-four!”