Bank of Israel: Israel’s foreign exchange reserves hit new record

Bank of Israel: Israel’s foreign exchange reserves hit new record

The foreign exchange reserves at the end of February stood at a record US$90.618 billion, up US$131 million from their level at the end of January
13.03.16 / 10:23
Bank of Israel: Israel’s foreign exchange reserves hit new record
13.03.16
Bank of Israel: Israel’s foreign exchange reserves hit new record

Israel’s foreign exchange reserves at the end of February 2016 stood at a record US$90.618 billion, up US$131 million from their level at the end of January 2016, the Bank of Israel reports.

 

The increase was the result of government transfers from abroad of about $283 million and an increase of about $8 million derived from private sector transactions.

 

These were partly offset by a revaluation that decreased the reserves by about $160 million. 

 

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