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The U.S. State of Ohio has broken the country’s record in the amount of Israel bonds held by the state’s Office of Treasury.

The Ohio Treasurer’s Office purchased $52.8 million in Israel bonds on Feb. 15, increasing the state’s total holding to $200 million. It’s the first time that figure has been reached in the history of the United States.


Moreover, Israel bonds are the only foreign bonds held by the State of Ohio, according to Ohio Treasurer Josh Mandel, who told the Cleaveland Jewish News the investment is mutually beneficial for both countries.

“I believe a strong America is good for a strong Israel and a strong Israel is good for a strong America,” Mandel said. “Whenever the economy and the backbone of each country is strong, it’s good for the other nation as well.”