Foreign currency balance peaks.(Israel)

From: Israel Business Today | Date: October 15, 1996 | Copyright information

Israel's foreign currency reserves rose last month b $740 million to an all-time high of $10.262 billion @ a 8.5 percent increase compared with the previous month, total of $9.523 billion. The rise in the balance can be primarily attributed to Bank of Israel acquisitions of foreign currency from the private sector. This brings the three-month growth in foreign currency reserves to $1.37 billion.

Bank of Israel figures released earlier this month show that the country's ...

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