Foreign Currency Reserves Total $22 Billion.(Brief Article) From: Israel Business Today | Date: September 1, 2000 | COPYRIGHT 2000 Israel Business Today. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan.  All inquiries regarding rights should be directed to the Gale Group.Copyright information

At the end of August 2000, Israel's foreign currency reserves totaled $22 billion. This amount is a slight increase of $9 million over July. The July-August increase is considered unusual because the summer months are usually months of large depletions in the country's foreign currency reserves. Large numbers of Israelis go abroad, taking lots of foreign currency with them and exports earning foreign currency slowdown, as workers go on vacation. The Bank of Israel believes the lowe...

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