Israeli reserves reach new record high
Central bank foreign exchange purchases to finance the government deficit in 2020 partly account for increase
The international reserves portfolio of the Bank of Israel reached a new record-high level in August, official data published on September 7 shows.
According to the central bank, foreign exchange reserves rose to $161.7 billion, up from $157.7 billion in July. In 2020, the portfolio has grown by 28.3%, up from $126 billion in December 2019.
This increase is partly the result of the foreign exchange purchases carried out by the central bank this year. In August, these operations amounted to $2
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