Bank of Israel reserves increase by almost $3 billion in October

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David Vaaknin

The Bank of Israel’s foreign exchange reserves increased by close to $3 billion in October, according to central bank data released on November 7.

As a result, the central bank’s reserves stand now at almost $189 billion, equal to 36.5% of Israel’s GDP. The portfolio increased mostly due to revaluation of assets, which increased in value by $2.8 billion. Additionally, government transfers from abroad totaled $107 million.

Israel’s reserves have experienced greater volatility in 2022. They

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