Wednesday, September 7, 2011

Bethel Finances: Israel's foreign currency reserves edge up to record $78b

www.bethelfinance.com
Israel's foreign currency reserves reached an all-time high of $78.08 billion at the end of August, $135 million more than a month earlier, the Bank of Israel announced today.

The increase was due to an upward revaluation of the reserves by $392 million, which was partly offset by $122 million in private sector transactions and government transfers abroad of $135 million.

Israel's foreign currency reserves have risen by $7.17 billion from $70.91 billion at the end of 2010 - an increase of over 10% - and by $17.47 billion from $60.61 billion at the end of 2009.

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