Israel
Prior
Next
Home
The growth in foreign currencies
held is not unexpected for a
trading nation. We have every
expectation that Israel is
selective about what currencies
(and how much) it chooses to
hold. We expect another 5%
increase this year to nearly 45
billion. As noted previously,
we would expect Israel to use
these reserves to selectively pay
down  debt and throttle Israel's
own inflation rate.