Israeli reserves increase on higher equity prices


The Bank of Israel’s foreign exchange reserves increased sharply in July due to higher equity prices, the central bank reported on August 4.

The portfolio increased last month by more than $4 billion to reach $197.8 billion. This now represents 39.5% of the Israeli GDP.

The central bank explained this rebound was mostly due to the revaluation of its assets, which added $4.5 billion. This was partly offset by $208 million in private sector transfers and $280 million in government transfers to

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