| 2.4.2008 |
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| The Bank of Israel Foreign Exchange Reserves, March 2008 |
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| Israel’s foreign exchange reserves at the end of March 2008 stood at $29,415 million, an increase of $930 million from their level at the end of February 2008. |
| The increase derived mainly from: |
| Bank of Israel purchases on the market of about $600 million against shekel on 13 and 14 March, in light of the unusual movements in the shekel exchange rate; |
| Purchases on the market of about $100 million of foreign exchange against shekel as part of the plan to increase the foreign exchange reserves over the next two years; |
| Income of about $250 million from investment of the reserves. |
| Note to editors: As always, the data in this press release are based on value dates, and are derived from the Bank of Israel balance sheet, unless otherwise specified. |
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| The Bank of Israel Foreign Exchange Reserves |
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| 2006 December |
29,055 |
| 2007 January |
28,485 |
| February |
30,801 |
| March |
30,503 |
| April |
29,864 |
| May |
28,439 |
| June |
28,963 |
| July |
28,318 |
| August |
28,818 |
| September |
29,121 |
| October |
28,726 |
| November |
28,360 |
| December |
28,460 |
| 2008 January |
28,616 |
| February |
28,485 |
| March |
29,415 |
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