Despite the continuing strength of the shekel, Israel foreign exchange reserves fell during October, the Bank of Israel reports. Israel’s foreign exchange reserves at the end of October 2015 stood at $89.23 billion down $246 million from their record level at the end September. The decrease was the result of a fall of $184 million from private sector transactions and government transfers abroad of about $900 million. RELATED ARTICLES Israel's foreign currency reserves climb to record These were partly offset by: foreign currency purchases by the Bank of Israel totaling $755 million, of which $260 million were bought as part of the purchase program intended to offset the effects of natural gas production on the exchange rate; and a revaluation that increased the reserves by about $83 million. Published by Globes [online], Israel business news - www.globes-online.com - on November 5, 2015 © Copyright of Globes Publisher Itonut (1983) Ltd. 2015
