Employees in Bank of Israel’s Markets Department came to the Haredi Institute for Public Affairs for a seminar in which they were presented with data, research and economic issues concerning the sector. The seminar began in a nearby Talmud Torah, where the principal gave an overview of the curriculum and the Bank of Israel workers toured the classrooms, conversing with teachers and students. They continued on to the Haredi Institute for Public Affairs where they were greeted by Chairman of the Institute Eli Paley who spoke about the uniqueness of the Haredi community.

Nitsa (Kaliner) Kasir, Vice Chair of the Institute, presented the “poverty paradox” that exists in the haredi community in which on one hand, the majority of haredi individuals belong to a low economic status and the rate of poverty is high but on the other hand, they are satisfied with their financial state, their quality of life is similar to that of non-haredi Jews and significantly higher than the Arabs and a very small number of individuals reported that they experienced poverty. Kasir presented cultural characteristics in relation to poverty and the differences that exist between the various sectors.

To download Nitsa Kasir’s presentation (Hebrew) click here.

Deputy Mayor Yitzchak Pindrus, a board member at the Institute, spoke about the need for advance planning in order to avoid tensions that may arise between various sectors. Professor Yoram Margaliot presented the workers with key points on the Gemachim Project which he is leading at the Institue in collaboration with government representatives.