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Florida continues to take a position with Israel, shopping for $50 million extra of the nation’s bonds, Chief Financial Officer Jimmy Patronis stated.
“Florida shares a singular bond with Israel, who serves as each our strongest ally and biggest advocate for peace within the Center East,” Patronis stated in a launched assertion. “Florida and Israel have already got deep financial and private ties, however in the present day we’re growing these ties once more by buying a further $50 million in Israel bonds by the State Treasury.”
The transfer brings Florida’s funding in Israel bonds to $250 million, with $170 million of them bought since Oct. 7, when Hamas terrorists invaded Israel and killed 2,400 folks and kidnapped about 200.
Patronis stated the Israel bonds have generated $9.4 million in curiosity to this point.
“Israel bonds have confirmed to be of nice worth to our state’s funding portfolio, providing constant and constructive returns for Floridians,” Patronis stated.
“I’m encouraging all state treasurers and CFOs throughout the nation to do their half as properly and spend money on Israel bonds. Florida continues to face with Israel, and so long as I’m in Tallahassee, I’ll proceed to face for Israel and combat towards hate and intolerance when it rears its ugly head.”
Florida has lengthy had enterprise and cultural connections with Israel, and Gov. Ron DeSantis even held a Cupboard assembly within the nation in 2019.
“Thanks to CFO Patronis and the State of Florida on your continued funding in Israel and the continuing dedication to Jewish Floridians throughout the state,” Israel Bonds Govt Director Mark Ruben stated.
“Investing in Israel is just not solely the fitting factor to do, nevertheless it has confirmed as a particularly sound funding all through the years, and I’ve little question it should proceed to take action. We’re grateful that Florida acknowledges this, particularly because it serves as a house to so many Jews and Israeli residents around the globe. In buying these bonds, Florida has taken a stand towards hate, antisemitism and has demonstrated it’s a true pal of the Jewish folks.”
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