Israel’s foreign currency reserves totaled $75.4 billion at the end of July 2012 up by $267 million from their level at the end of June, the Bank of Israel reported today.
Israel’s foreign currency reserves totaled $75.4 billion at the end of July 2012 up by $267 million from their level at the end of June, the Bank of Israel reported today.
The Bank of Israel said that the rise was due to an increase of $101 million deriving from private sector transactions, and government transfers abroad amounting to $265 million. These were offset by a revaluation that lowered the reserves by $99 million.
Israel's foreign currency reserves reached an all-time high of $78.01 billion in August 2011.
Published by Globes [online], Israel business news - www.globes-online.com - on August 7, 2012
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