The Bank of Israel Foreign Exchange Reserves, March 2008

2.4.2008
 
The Bank of Israel Foreign Exchange Reserves, March 2008
 
Israel’s foreign exchange reserves at the end of March 2008 stood at $29,415 million, an increase of $930 million from their level at the end of February 2008.
The increase derived mainly from:
Bank of Israel purchases on the market of about $600 million against shekel on 13 and 14 March, in light of the unusual movements in the shekel exchange rate;
Purchases on the market of about $100 million of foreign exchange against shekel as part of the plan to increase the foreign exchange reserves over the next two years;
Income of about $250 million from investment of the reserves.
Note to editors: As always, the data in this press release are based on value dates, and are derived from the Bank of Israel balance sheet, unless otherwise specified.
 
The Bank of Israel Foreign Exchange Reserves
2006 December 29,055
2007 January 28,485
February 30,801
March 30,503
April 29,864
May 28,439
June 28,963
July 28,318
August 28,818
September 29,121
October 28,726
November 28,360
December 28,460
2008 January 28,616
February 28,485
March 29,415