The Bank of Israel's foreign currency reserves reached $83 billion in January.
Israel's foreign currency reserves rose to an all-time high of $83.2 billion at the end of January 2014, up $1.4 billion from $81.8 billion a month earlier, the Bank of Israel reported today.
During January, the Bank of Israel bought $1.73 billion, including $230 million bought as part of the purchase program intended to offset the effect of natural gas production on the exchange rate. Government transfers added a further $453 million.
These increases were partly offset by $236 million in private sector transfers during January, and a downward revaluation of the reserves by $546 million.
Published by Globes [online], Israel business news - www.globes-online.com - on February 6, 2014
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