Foreign currency reserves rose by $529 million to $77.94 billion at the end of July.
Israel’s foreign exchange reserves rose by $529 million to $77.94 billion at the end of July 2011 from a month earlier, an all-time high, the Bank of Israel announced today. The Bank of Israel attributed the increase to $225 million in foreign currency purchases and $374 million in government transfers from abroad.
These were offset by a $17 million downward revaluation of the reserves, and $53 million in private sector transactions.
Published by Globes [online], Israel business news - www.globes-online.com - on August 7, 2011
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