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FinancialNews


  • 18-09-18

    Israel sees sharp 83 percent drop in account surplus

    (MENAFN) Israel was found to have registered a significant 83 percent decline in its account surplus during the second quarter of this year, hitting USD800 million.

    The figures come in comparison to the USD4.6 billion current account posted during the third quarter of 2015.

    The results have been shown in a Balance of Payments report of which the Central Bureau of Statistics released on Monday.

    The account surplus was also found to have recorded a 46 percent drop from the USD1.5 billion witnessed during the first quarter of 2018.

    The current account was explained to be covering trading of products and services, financial investments, wages as well as current transfers.

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