JERUSALEM , Jan. 5 -- The Bank of Israel issued the following news release: Israel's foreign exchange reserves at the end of December 2013 stood at $81,770 million , an increase of $1,181 million from their level at the end of November. The increase was the result of: a. Foreign currency purchases by the Bank of Israel totaling $630 million , of which $330 million were purchased as part of the purchase program intended to offset the effects of natural gas production on the exchange rate. b. A revaluation that increased the reserves by about $335 million . c. Private sector transfers totaling about $244 million . These were partly offset by: Government transfers to abroad totaling about $28 million . View table here: http://www.bankisrael.gov.il/en/NewsAndPublications/PressReleases/Pages/05-01-2014-ForexRes.aspx CC AutoTriage6yd-140106-30VitinMar-4591861
Most Popular Stories
- Obama Administration Releases Proposal to Regulate For-Profit Colleges
- Some California Cities Seeking Water Independence
- Motley Crue's Nikki Sixx Marries Model Courtney Bingham
- FDIC Files Lawsuit on Behalf of Banks Allegedly Hurt by Libor Scandal
- Chinese e-Commerce Giant Alibaba Gears for IPO in U.S.
- Apple, HP, Intel May Take a Hit from Slowdown in Smartphone Sales Growth
- SoCalGas Reaches Record Spend on Diversity Suppliers
- Obama Seeks to Stay Neutral in CIA-Senate Conflict
- Will Missing Malaysian Jet Prompt Aviation System Change?
- Natural Gas Discovery Could Lead to Cleaner Fuels