Israel’s foreign exchange reserves at the end of November 2016 stood at $97.127 billion, down $836 million from the end of October, the Bank of Israel reports. The Bank of Israel made no foreign currency purchases during November despite the substantial appreciation of the shekel against the dollar. However, "Globes" reported earlier this week that the Bank of Israel has made some foreign currency purchases in December. RELATED ARTICLES Israel's foreign currency reserves fell in October Israel's foreign exchange reserves nearing $100b The decrease last month was the result of a revaluation that cut the reserves by about $867 million and government transfers abroad of about $19 million. These were partly offset by private sector transfers of about $50 million. This is the second successive month that the reserves have fallen after rising for the previous eight consecutive months.The reserves stood at $90.575 billion at the end of December 2015 and fell to $90.487 billion at the end of January 2016, and rose to $98.4 billion at the end of September. Published by Globes [online], Israel business news - www.globes-online.com - on December 7, 2016 © Copyright of Globes Publisher Itonut (1983) Ltd. 2016
