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July: Foreign currency reserves up to $75.4B
Bank of Israel says foreign currency reserves up by $267 million from June
Israel's foreign currency reserves for July 2012 totaled at $75.4 billion, the Bank of Israel said.
According to the BOI, July's reserves were up by $267 million from their level at the end of June.
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The Bank of Israel attributed the rise to an increase of $101 million, deriving mostly from private sector transactions.
The increase was also due to government transfers abroad amounting to $265 million. These were offset by a revaluation that lowered the reserves by $99 million, the Bank said.
Israel's foreign currency reserves reached a record high in August 2011, when they reached $78.01 billion.
