Israel's for ex reserve drop for 3rd month running

ISRAEL - Israel's foreign currency reserves dropped in September for the third month running, the Bank of Israel said today.

As of month-end September reported, the forex reserves had shrunk to about $24.2 billion, down 0.4% from the end of August.

From the beginning of the year, Israel's foreign currency reserves have increased by 4.3%, spiking in June but losing 2.4% since then.

The Bank of Israel attributed the slide mainly to Israel's commercial banks withdrawing foreign

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