Israeli reserves reach new record high

Bank of Israel
David Vaaknin

The international reserves portfolio of the Bank of Israel reached a new record-high level in August, official data published on September 7 shows.

According to the central bank, foreign exchange reserves rose to $161.7 billion, up from $157.7 billion in July. In 2020, the portfolio has grown by 28.3%, up from $126 billion in December 2019.

This increase is partly the result of the foreign exchange purchases carried out by the central bank this year. In August, these operations amounted to $2

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