Israeli reserves surge to new record high of $185 billion

David Vaaknin

Bank of Israel international reserves rose to reach a new record high level in February, the central bank said on March 7.

Overall, reserves increased by $5.6 billion to $185 billion. This represents 45.9% of Israel’s GDP.

The main factor behind the increase was more than $4.9 billion in foreign exchange purchases. Over the past year, the central bank has been raising funds in international markets to finance the government’s larger deficits due to the Covid-19 crisis.

In fact, foreign

Only users who have a paid subscription or are part of a corporate subscription are able to print or copy content.

To access these options, along with all other subscription benefits, please contact [email protected] or view our subscription options here:

You are currently unable to copy this content. Please contact [email protected] to find out more.

To continue reading...

You need to sign in to use this feature. If you don’t have a Central Banking account, please register for a trial.

Sign in
You are currently on corporate access.

To use this feature you will need an individual account. If you have one already please sign in.

Sign in.

Alternatively you can request an individual account here: