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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Israel: Foreign currency reserves top $42 billion

Posted on 01 June 2009

From Globes.co.il: The Bank of Israel reported today that its foreign currency reserves grew by $14 billion in 2008, and totaled $42.5 billion at the end of 2008.

The Bank of Israel said that the growth in reserves was mostly due to the foreign currency (dollar) purchase program, in place since the end of the first quarter of 2008…….Full Article: Source


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