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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Israel: Foreign currency reserves rise over $1bln

Posted on 06 August 2010

From Globes.co.il: The Bank of Israel’s foreign currency reserves rose by $1.22 billion in July 2010 to $64.31 billion, the highest amount since April.
The increase in the foreign currency reserves was due to a $1.43 billion revaluation caused by the euro’s 6% rise against the dollar, which increased the reserves in dollar terms. This was offset by a $204 million in government transfers overseas and a $13 million reduction in reserves held by the private sector……………………………………….Full Article: Source

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