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Israel's foreign currency reserves hit new record

Israel’s foreign exchange reserves at the end of December 2015 stood at US$90,623 million, an increase of US$1,801million
17.01.16 / 11:12
Israel's foreign currency reserves hit new record
17.01.16
Israel's foreign currency reserves hit new record

Israel’s foreign exchange reserves at the end of December 2015 stood at US$90,623 million, an increase of US$1,801million from their level at the end of the previous month. The increase was the result of:

 

  • Foreign currency purchases by the Bank of Israel totaling US$1,380 million, of which US$515 million were bought as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.

 

  • Government transfers from abroad of about US$71 million.

 

  • A revaluation that increased the reserves by about US$403 million.

 

These were partly offset by: A decrease of US$53 million derived from private sector transactions.

 

Israel foreign currency reserves were up $4.5 billion in 2015.

 

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