Bank of Israel reserves fall by over 4% in April
Falling equity prices are the main factor behind $8.5 billion drop in value
The Bank of Israel’s reserves declined by over 4% in April mainly due to the depreciation of the central bank’s equity investments.
The central bank’s reserve portfolio declined by $8.5 billion below $198 billion. The BoI reported the depreciation of its assets accounted for over $7.3 billion in losses last month, private sector transfers for $974 million and government transfers abroad for $209 million.
Over the last decade the BoI has considerably diversified its investments. At the end of
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