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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Israel April currency reserves rise to record $77.4 bln

Posted on 06 May 2011

Israel’s foreign currency reserves increased to a record in April as the central bank resumed purchases after a one-month hiatus. Reserves rose to $77.4 billion from $74.5 billion at the end of the previous month, the Bank of Israel said in an e- mailed statement today. The Bank of Israel purchased close to $1.5 billion in April, it said.

Changes in exchange rates resulted in a gain of $1.5 billion, the bank said……………………………………….Full Article: Source


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