Israel's Foreign Currency Reserves Drop Below $22 Billion.

From: Israel Business Today | Date: April 1, 1999 | Copyright information

For the first time since November 1998 Israel's foreign currency reserves slipped below the $22 billion mark. At the end of March 1999 the Bank of Israel held total foreign currency reserves equal to $21.98 billion. The peak level of foreign currency reserves held by the Bank of Israel was reached in December 1997 when they equaled $22.67 billion. Since then most months have shown a slow downward trend in the reserves. The March 1999 reduction of $182 million was in line with this ...

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