The Bank of Israel confirms that its purchases of $100 million a day are continuing as normal

21.5.2009
 
The Bank of Israel confirms that its purchases of $100 million a day are continuing as normal
 
In light of reports that have appeared in the last few days, the Bank of Israel confirms that it is continuing to purchase dollars at the usual rate of $100 million a day from Mondays to Thursdays, and $50 million on Fridays. These purchases will continue until the Bank of Israel announces otherwise.
 
The Bank draws attention to the following quote from the press release dated 25 March 2009:
 
"The Bank of Israel announces that against the background of the world economic situation and in the context of its overall policy, the Bank will continue to purchase on average US$100 million per day, as part of its program to increase the level of the foreign exchange reserves.
The Bank will continue to review the program from time to time and make adjustments if and when they are required."