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Israel’s foreign exchange reserves up

Israel’s foreign exchange reserves, at the end of September 2007, stood at $29 million, a rise of $285 million from their level at the end of August 2007
08.10.07 / 00:00
Israel’s foreign exchange reserves up
08.10.07
Israel’s foreign exchange reserves up

Israel’s foreign exchange reserves, at the end of September 2007, stood at $29 million, a rise of $285 million from their level at the end of August 2007

According to figures released last week by the Bank of Israel, Israel’s foreign exchange reserves, at the end of September 2007, stood at $29 million, a rise of $285 million from their level at the end of August 2007. Over the past 12 months the reserves have increased by 5.4 percent, or $1.48 billion.

This rise in foreign exchange reserves was caused mainly by private sector transfers from abroad and the Bank of Israel income from investment of the reserves, partly offset by government transfers to abroad.

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