Israeli reserves fall in September

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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