The Bank of Israel today reported that its foreign currency reserves stood at $77.4 billion at the end of June 2011.
The Bank of Israel said that its foreign exchange reserves rose by $611 million in June 2011. This was due to $425 million in foreign currency purchases during June, government transfers from abroad worth $117 million, a revaluation that increased the reserves by $61 million, and an increase of $8 million deriving from private sector transactions.
In May 2011, the Bank of Israel purchased $200 million in foreign currency, after purchasing $1.4 billion in foreign currency in April.
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