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Bank of Israel Discloses Increase in Foreign Currency Reserves

The foreign currency reserves of the Bank of Israel increased by $163 million in the period between April 30 and August 31, according to the report of the bank published today. Monthly reports were not published during this interval for security reasons.

The increase was ascribed to the inflow of contributions and the greatly increased sale of Israel Bonds during the crisis here. The bank’s foreign currency reserves were put at $776 million.