Results
The immediate consequences of the crisis were the loss of a third of the public's investments in them, the acquisition of the banks by the government, at a total cost of 6.9 billion US Dollars (for reference, Israel's entire Gross Domestic Product in 1983 was about US$27 billion), and the nationalization of the major banks (Leumi, Hapoalim, HaMizrachi, Discount, and Clali).
Read more about this topic: 1983 Israel Bank Stock Crisis
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