Israel's foreign currency reserves hit new record

Karnit Flug

Israel foreign currency reserves crossed the $90 billion threshold for the first time at the end of 2015.

Israel's foreign exchange reserves totaled $90.6 billion at the end of 2015, exceeding $90 billion for the first time, the Bank of Israel today reported. Israel's foreign exchange reserves grew $1.8 billion in December 2015.

The primary cause of the December increase was $1.38 billion in foreign exchange purchases by the Bank of Israel, $515 million of which was part of the purchase plan designed to offset the effect of natural gas production in Israel on the foreign exchange rates.

Other factors in the foreign exchange increase included a $71 million transfer from overseas by the government and a $403 million revaluation of foreign currency balances. This increase was partially offset by $53 million in transfers by the private sector.

Israel foreign currency reserves were up $4.5 billion in 2015.

Published by Globes [online], Israel business news - - on January 7, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

View comments in rows
Update by email about comments talkback
Your name
Please insert your name
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Twitter Facebook Linkedin RSS Newsletters גלובס MAD Conference 2017