Bank of Israel reserves rose 9.3% in 2019
Higher equity prices rewarded central bank’s decision to increase its exposure to stocks
The Bank of Israel’s foreign exchange reserves increased by 9.3% in 2019, as higher equity prices boosted the portfolio following the decision to increase the exposure to stocks.
At the end of December, total reserves stood at $126 billion, worth 32.8% of Israel’s GDP, said the central bank on January 7. In December 2018, they were recorded at $115.2 billion. Last month the portfolio increased by $3.6 billion, mainly due to $2.2 billion in foreign-exchange purchases.
Another important factor
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