Israel’s foreign exchange reserves at the end of January 2019 climbed to a new record of $118.151 billion, up $2.872 billion from the end of December 2018, Bank of Israel reports. The reserves represent 32.1% of GDP. During January the Bank of Israel only purchased $30 million in foreign currency. The increase was the result of government transfers from abroad totaling about $1.213 billion and a revaluation that increased the reserves by $1.659 billion. The increase was slightly offset by private sector transfers of about $30 million. Published by Globes, Israel business news - en.globes.co.il - on February 7, 2019 © Copyright of Globes Publisher Itonut (1983) Ltd. 2019
