Bank of Israel reserves decline on falling equities
Total reserves decline from $208.7 billion in January to $207.1 billion at the end of February
The Bank of Israel’s reserves declined in February, mainly as a result of falling equity prices, the central bank reported on March 7.
All in all, the reserve portfolio remains at a very high level. It declined from $208.7 billion in January to $207.1 billion in February, which represents 45% of GDP.
The portfolio declined as a result of “a revaluation that decreased the reserves by approximately $1,108 million”, the central bank said in a statement. Another factor was government transfers
Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.
To access these options, along with all other subscription benefits, please contact info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe
You are currently unable to print this content. Please contact info@centralbanking.com to find out more.
You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.
Copyright Infopro Digital Limited. All rights reserved.
As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (point 2.4), printing is limited to a single copy.
If you would like to purchase additional rights please email info@centralbanking.com
Copyright Infopro Digital Limited. All rights reserved.
You may share this content using our article tools. As outlined in our terms and conditions, https://www.infopro-digital.com/terms-and-conditions/subscriptions/ (clause 2.4), an Authorised User may only make one copy of the materials for their own personal use. You must also comply with the restrictions in clause 2.5.
If you would like to purchase additional rights please email info@centralbanking.com
More on Reserves
‘Reserve asset competition’ explains global fiscal cycle – paper
Local fiscal shocks can trigger debt issuance abroad, authors find
Honey, I shrunk the Fed. (Not a sci-fi fantasy)
Promoting the discount window may be the Fed’s key to shrinking its $7trn balance sheet, says Bill Nelson
Trinidad and Tobago cuts reserve requirement
Central bank plans move towards market-determined instruments of policy
Ukraine’s governor on central banking as war endures
Andriy Pyshnyy speaks about Ukraine’s financial stability and need for investment
MAS carbon emissions rise amid shift to greener investment portfolio
Equity and corporate bond climate exposures fall as rising air travel and data use drive up own emissions
Book notes: Bucking the buck: US financial sanctions and the international backlash against the dollar, by Daniel McDowell
A timely and well-documented book about the weaponisation of the US dollar
Malaysia’s Rasheed expects a “bumpy road” for EM currencies
Governor says BNM will intervene if needed ahead of future Fed cut; rules out capital controls
Laotian central bank raises rates amid high inflation
Inflation in Laos has been above 20% due to weak local currency