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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Bank of Israel to boost foreign currency reserves to $44b.

Posted on 02 December 2008

From Jpost.com: The Bank of Israel will boost foreign-currency reserves to between $40 billion and $44b. through the daily purchase of $100 million of foreign currencies.

The plan to increase the reserves, which now amount to about $37b., will be “re-examined from time to time,” the central bank said in an official statement on Sunday. The bank has been implementing a plan to boost reserves since March and has bought $10b. since then, according to the statement…… Full Article: Source


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