Israel’s foreign exchange reserves stood at $77.01 billion at the end of February 2012, the Bank of Israel reported today. This was a very small decline of $16 million from their level at the end of January.
The Bank of Israel attributed the fall to a decrease of $287 million from private sector transactions, and government transfers abroad totaling $379 million offset by a re-evaluation that increased the reserves by $650 million.
The reserves had risen by $2.23 billion in January.
Israel's foreign exchange reserves are slightly beneath their peak of $78.08 billion in August 2011, which followed several years of foreign currency acquisitions by the Bank of Israel.
Published by Globes, Israel business news - www.globes-online.com - on March 7, 2012
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