Bank of Israel reserves rise by 5.6% in April

David Vaaknin

The Bank of Israel said that its international reserves rose in April by 5.6%, due mainly to government transfers from abroad.

The portfolio grew by almost $7.6 billion to $133.5 billion, the central bank said. Government transfers accounted for around $6.5 billion, asset revaluations contributed with more than $2 billion last month, and foreign exchange purchases amounted to $727 million.

This sharp increase contrasts with the $5.1 billion fall in the portfolio recorded in March. This was

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