$4.24 billion was deposited in foreign bank accounts in January-July 2007.
Since January 2000, Israelis have deposited $31 billion in foreign bank accounts, more than the Bank of Israel’s foreign currency reserves. $26 billion of this amount has been deposited since the end of the second intifada in mid-2003: $5.4 billion in 2004, $4 billion in 2005, $7.9 billion in 2006, and $4.24 billion in January-July 2007.
Israelis use foreign bank deposits for financial and non-financial investments and to finance current business and other activities.
Published by Globes [online], Israel business news - www.globes.co.il - on August 12, 2007
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