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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Foreign currency reserves drop at Bank of Israel

Posted on 02 February 2009

From Globes.co.il: The Bank of Israel’s totaled $41.74 billion at the end of January 2009, $587 million less than the all-time high at the end of December 2008.

The Bank of Israel attributed the decline to a $1.9 billion increase due toBank of Israel purchases of dollars on the market, as part of its planned increase in the foreign exchange reserves. …. Full Article: Source


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