The Bank of Israel's foreign currency reserves totaled $80.57 billion at the end of October, following a $669 million increase during the month.
For the first time, the Bank of Israel's foreign currency reserves passed the $80 billion threshold. The foreign currency reserves totaled $80.57 billion at the end of October, following a $669 million increase during the month.
The Bank of Israel bought $620 million during October, including $320 million purchased under the program intended to offset the effects of natural gas production on the exchange rate. Currency revaluations increased the reserves by $442 million.
These increases were partly offset by $179 million in private sector transfers and $214 million in government transfers abroad.
Published by Globes [online], Israel business news - www.globes-online.com - on November 7, 2013
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