Israeli reserves see strong growth in October

David Vaaknin

The international reserves of the Bank of Israel rose month on month by 1.6% in October to $121.3 billion, due mainly to revaluations, said the central bank on November 7.

Last month alone reserves increased by $1.9 billion, which took the overall portfolio to 32.3% of Israel’s GDP. Year on year, the portfolio has expanded by 6.5%.

Foreign exchange purchases accounted for $314 million last month, and government transfers from abroad $184 million. Nonetheless, the most significant contributor

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