Foreign currency reserves rose in August by $29 million, the Bank of Israel announced yesterday. The reserves now amount to some $1,518 billion. This is the first time in the last few years that the reserves have passed the $1.5 billion mark. Part of the rise was caused by the decline of the Dollar compared to other currencies. Another result of the decline was a slight revaluation at the Israel Pound compared to the Dollar, an uncommon phenomenon in the Israeli exchange market. The Dollar stood this week at IL 18.36.
Help ensure Jewish news remains accessible to all. Your donation to the Jewish Telegraphic Agency powers the trusted journalism that has connected Jewish communities worldwide for more than 100 years. With your help, JTA can continue to deliver vital news and insights. Donate today.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
