Israeli foreign exchange reserves at the end of July 2015 stood at $88,424 million, an increase of $245 million from their level at the end of the previous month, a press release issued by Israel Central Bank on Friday said.
The increase was a result of the foreign currency purchases by the Bank of Israel totalling $510m, of which $260m was bought as part of the purchase programme intended to offset the effects of natural gas production on the exchange rate and the government transfers from abroad of about $372m.
The press release said that these were partly offset by a decrease of $199 million derived from private sector transactions and a revaluation that decreased the reserves by about $438 million.
Anadolu news agency said that the reserves witnessed an increase of 0.1 per cent compared to last month reserves, which were $88.179m.
According to the news agency, this is the first time since July of the last year that the Israeli foreign exchange reserves have increased.
Compared with July of the last year, the foreign exchange reserves increased by 1.5 per cent, as it was $87.139m
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