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FinancialNews
08-08-18
Israel posts USD950m in July's foreign exchange reserves
(MENAFN) Israel was unveiled to have recorded an increase of up to USD950 million in its foreign exchange reserves by July in 2018.
The foreign exchange reserves has reached an overall of USD115,782 million by the end of last month, contributing 32.1 percent of the gross domestic product in the country, as confirmed the Bank of Israel (BOI).
The recorded boost has been driven by government transfers from overseas at a total of USD337 million, the central bank explained.
It also said that the increase was fueled by the revaluation of foreign exchange reserves, including foreign currency payments and receipts, of USD602 million, as well as private sector transfers of USD11 million.
MENAFN0808201800450000ID1097266512
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