Israel’s foreign exchange reserves at the end of November 2014 stood at $86.328 billion, down $88 million from their level at the end of October, the Bank of Israel reports.
The decline resulted from a decrease of $141 million from private sector transactions and government transfers abroad of about $123 million.
This was partially offset by a revaluation that increased the reserves by about $26 million.
Foreign currency purchases by the Bank of Israel totaled $150 million in November, all of which were purchased as part of the purchase program to offset the effects of natural gas production on the exchange rate.
Israel's foreign exchange reserves hit an all-time high of $87.628 billion in August.
Published by Globes [online], Israel business news - www.globes-online.com - on December 8, 2014
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