Israel’s foreign exchange reserves stood at $75,616 million at the end of August 2012, a slight rise of $230 million from their level at the end of July.
Israel’s foreign exchange reserves stood at $75,616 million at the end of August 2012, a slight rise of $230 million from their level at the end of July, the Bank of Israel reported today. This is the third consecutive month that Israel's foreign currency reserves have risen slightly.
The Bank of Israel said that the rise was the result of a revaluation that increased the reserves by $548 million. However, this was offset by government transfers abroad of $148 million, and a decrease of $170 million from private sector transactions.
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 September 6, 2012
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