Israeli reserves fall in September

bank-of-israel2
David Vaaknin

The Bank of Israel’s reserves declined in September for the first time in 2020, mainly due to falling equity prices.

The portfolio shrunk by 0.7% to $160.6 billion, the central bank said on October 7. It said the decrease was mainly the result of a revaluation of assets that decreased the portfolio’s value by $1.7 billion.

The bank said the drop was largely due to falling equity prices. The Israeli central bank allocates 15.1% of its reserves into equities.

These investments mirror the MSCI

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