The Bank of Israel announced that as of today, it will increase the average daily rate of foreign currency purchases to 100 million dollars

10.7.2008
 
The Bank of Israel announced that as of today, it will increase the average daily rate of foreign currency purchases to 100 million dollars
 
The Bank of Israel announced that as of today, it will increase the average daily rate of foreign currency purchases to 100 million dollars - as part of the program announced on 20/03/08 to increase the level of foreign exchange reserves to 35-40 billion dollars.
The Bank of Israel explained that the decision to increase the pace of of purchases was taken after examining the program in light of current market conditions, and the cumulative and rapid change in the exchange rate of the shekel.
The Bank of Israel will continue to review the program from time to time to take into account changing market conditions.