Israel's foreign exchange reserves rose to $76.226 billion in September, the Bank of Israel reported.
Israel’s foreign exchange reserves at the end of September 2012 totaled $76.226 billion, an increase of $610 million from their level at the end of August, the Bank of Israel reported.
The Bank of Israel said that the increase was the result of a revaluation that increased the reserves by $940 million and an increase of $8 million derived from private sector transactions. This was offset by government transfers to abroad amounting to $338 million.
Israel's foreign exchange reserves are nearing the all-time record of $78.078 billion in August 2011.
Published by Globes [online], Israel business news - www.globes-online.com - on October 4, 2012
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