print
gohome
Currency reserves decline in March
ZEV STUB
04/05/2006
Foreign currency reserves fell $120 million in March to $27.9 billion, the Bank of Israel reported Monday.
Foreign currency reserves fell $120 million in March to $27.9 billion, the Bank of Israel reported Monday. The decline was attributed primarily to withdrawals made by the state from its central bank account to fund activities abroad. Income from investments helped make up some of the decline in reserves, it added. The reserves level is now $1.2b. - above its level a year ago. The central bank has set a long-term goal of raising reserves to as much as $34b. which would lower Israel's exposure to financial instability while boosting the economy's international standing.
print gohome
JPost.com: Arab-Israeli Conflict | Israel News | Diaspora | Middle East | Opinion | Premium | Blogs | Not Just News | Edition Francaise | Green Israel

Copyright © 2014 Jpost Inc. All rights reserved • Terms of UsePrivacy Policy