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Globes: Foreign currency reserves rise

Published on Oct 04 2012 // Business and Financial News, Economy

4 October 12 12:28–Israel’s foreign exchange reserves at the end of September 2012 totaled $76.226 billion, an increase of $610 million from their level at the end of August, the Bank of Israel reported.

The Bank of Israel said that the increase was the result of a revaluation that increased the reserves by $940 million and an increase of $8 million derived from private sector transactions. This was offset by government transfers to abroad amounting to $338 million…Read More>>

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