Israeli reserves reach new record high

bank-of-israel4
David Vaaknin

The Bank of Israel’s international reserves reached a new record high in April, boosted by its foreign currency purchases.

On May 6, the central bank said its international reserves had grown by $8.3 billion last month to $194 billion, or 48.1% of Israel’s GDP. This extremely high level is partly driven by the central bank’s foreign exchange interventions, aimed at preventing the appreciation of the shekel’s exchange rate.

The central bank said these foreign currency purchases accounted for $5

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 info@centralbanking.com or view our subscription options here: http://subscriptions.centralbanking.com/subscribe

You are currently unable to copy this content. Please contact info@centralbanking.com to find out more.

Sorry, our subscription options are not loading right now

Please try again later. Get in touch with our customer services team if this issue persists.

New to Central Banking? View our subscription options

Register for Central Banking

All fields are mandatory unless otherwise highlighted

This address will be used to create your account

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

.