Bank of Israel’s FX interventions reached $8.2 billion in October

Central bank approved $30 billion programme following Hamas attacks on Israel

The Bank of Israel
Photo: David Vaaknin

The Bank of Israel (BoI) sold $8.2 billion in foreign currency reserves from October 9 until the end of the month, according to data published by the central bank on November 7.

On October 9, the BoI approved a $30 billion FX intervention programme barely 48 hours after terrorist organisation Hamas launched a set of attacks against Israel from the Gaza Strip. The attacks killed over 1,400 people, most of them civilians.

The central bank explained it will “operate in the market during the

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