Foreign exchange reserves at the end of April 2015 stood at $85.91 billion, the Bank of Israel reports.
Israel’s foreign exchange reserves at the end of April 2015 stood at $85.91 billion, an increase of $927 million from their level at the end of March 2015, the Bank of Israel reported today.
The Bank of Israel said that the increase was the result of a revaluation that increased the reserves by about $1.256 billion and foreign currency purchases it made during April totaling $165 million. The Bank of Israel added that there were no purchases in April under the purchase program intended to offset the effects of natural gas production on the exchange rate. These amounts partly offset by a decrease of $178 million derived from private sector transactions, and government transfers abroad of about $316 million.
Israel's foreign currency reserves are still below the record 87.63 billion held in August 2014.
Published by Globes [online], Israel business news - www.globes-online.com - on May 7, 2015
© Copyright of Globes Publisher Itonut (1983) Ltd. 2015
Bank of Israel