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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Israel’s foreign currency reserves increase to $77.4 bln

Posted on 08 July 2011

Israel’s reserves of foreign currency totaled $77.4 billion at the end of June 2011, the Bank of Israel announced Thursday. During June, the BOI purchased $425 million in foreign currency; the rest of the reserves increase was due to government transfers from abroad; a currency revaluation; and private sector transactions.
In May 2011, the BOI purchased $200 million in foreign currency – after buying $1.4 billion in April 2011……………………………………….Full Article: Source


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