Bank of Israel reserves decline on falling equities
Total reserves decline from $208.7 billion in January to $207.1 billion at the end of February
The Bank of Israel’s reserves declined in February, mainly as a result of falling equity prices, the central bank reported on March 7.
All in all, the reserve portfolio remains at a very high level. It declined from $208.7 billion in January to $207.1 billion in February, which represents 45% of GDP.
The portfolio declined as a result of “a revaluation that decreased the reserves by approximately $1,108 million”, the central bank said in a statement. Another factor was government transfers
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