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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

Israel: Foreign currency reserves fall in September

Posted on 10 October 2011

Israel’s foreign currency reserves had reached a record $78 billion in August. Israel’s foreign currency reserves fell by $1.747 billion in September to $76.331 billion, the Bank of Israel reported.
The decrease was the result of a revaluation that lowered the reserves by $1.81 billion and government transfers abroad totaling $222 million. This was offset by a rise of $285 million from private sector transactions……………………………………….Full Article: Source


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