Wednesday, December 7, 2011

Bethel Finance: Foreign exchange reserves down $1.75b in November

www.bethelfinance.com

Bethel Finance news:

Israel’s foreign exchange reserves totaled $75.15 billion, at the end of November 2011, $1.75 billion less from a month earlier, the Bank of Israel reported today.

The Bank of Israel attributed the declined to a downward revaluation of the reserves by $1.52 billion, $119 million in government transfers abroad, and $108 million in private sector transactions.

Israel’s foreign exchange reserves have fallen by $2.93 billion from their peak of $78.08 billion at the end of August, but are still $4.24 billion higher than the $70.91 billion at the end of 2010.

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