Bank of Israel pushes back against politicians’ calls to buy gold
Head of markets says bank has done enough sanction-proofing with its portfolio, but refuses to elaborate
A member of the Bank of Israel’s reserve management team has told the country’s parliament that the central bank considered investing in gold, but ultimately decided not to.
In a committee hearing in the Knesset on February 2, Golan Benita, the bank’s market operations department director, told parliamentarians that it was not interested in investing its $230 billion of reserves into bullion.
“Over the past two years [since the October 7, 2023 attack on Israel by militant group Hamas], we have
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