Foreign exchange reserves at the end of March 2015 stood at $84.982 billion, the Bank of Israel reports.
Israel’s foreign exchange reserves at the end of March 2015 stood at $84.982 billion, down $338 million from the end of February 2015, Bank of Israel reports.
The decrease was the result of: Government transfers overseas of about $266 million, and a revaluation that decreased the reserves by about $1.053 billion.
This was partly offset by: An increase of $446 million from private sector transactions; and foreign currency purchases by the Bank of Israel totaling $535 million, all of which were part of the purchase program to offset the effects of natural gas production on the exchange rate.
Israel's foreign currency reserves stood at $86.1 billion at the end of 2014 and a record $87.6 billion last August.
Published by Globes [online], Israel business news - www.globes-online.com - on April 7, 2015
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Bank of Israel