Search Results for: reserves

Foreign currency reserves reach new heights

Israel’s foreign exchange reserves at the end of September 2024 stood at a record $220,377 million – an increase of nearly $3 billion from their level at the end of the previous month. The increase was due to a revaluation … Continue reading

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Foreign currency reserves reach a record high

At the end of March, Israel’s reserves of foreign currency stood at $213.768 billion, nearly $7 billion more that at the end of Feb. They have since slipped back a little but shows that Israel did not, even when at … Continue reading

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75% of employees in the reserves

On Oct 7, 60 of the 80 Israeli-based employees at Israel’s Exodigo (see here previously) were drafted into the IDF reserves. The remaining Israeli office and overseas staff managed to close new deals but persuaded those customers to wait a … Continue reading

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20% of IDF reserves are hi-tech workers

Although hi-tech workers constitute only 10% of Israel’s employees, they make up 20% of the IDF’s reserve forces.  Interesting, but not sure what to make of that!  (Probably due to them being relatively young.) https://www.calcalistech.com/ctechnews/article/hku9ilrq6

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Foreign exchange reserves

Israel’s foreign exchange reserves rose by $6.468 billion in Dec 23 to end the year at $204.367 billion, close to record levels. The value of the Shekel has risen, despite an expectation that the Shekel would depreciate due to the … Continue reading

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Seasoning that preserves meat

Researchers at the Hebrew University of Jerusalem have developed MeatCrust – a natural antioxidant for meat preservation. The seasoning forms a crust that prevents the fatty acids in meat react with oxygen to cause rancidity. https://nocamels.com/2023/12/new-seasoning-both-flavors-your-meat-and-stops-it-turning-bad/ https://www.yissum.co.il/technology/meatcrust-as-a-natural-antioxidant-for-meat-preservation/

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Record currency reserves; deficit down again

During August, Israel’s foreign currency reserves rose by over $4 billion to almost $206 billion. Israel’s cumulative fiscal deficit fell from 9.2% at end July (see here previously), to 8% at the end of August. https://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/05-09-21.aspx https://en.globes.co.il/en/article-israels-fiscal-deficit-narrows-to-8-1001384647

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Another record for currency reserves

Israel’s reserves of foreign currency reached a new record of over $201 billion at the end of July – an increase of over $1.5 billion on its end of June level. https://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/5-08-21.aspx

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Another rise in currency reserves

Israel’s reserves of foreign currency reached another record level at the end of February. The total of just over $185 billion was $5.59 billion more than the total at the end of January. https://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/07-3-21.aspx

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Even more reserves

Almost every month Israel hits a new record for its reserves of foreign currency deposits. In Jan 2021 they rose by another six billion dollars to almost $180 billion. The Bank of Israel is selling Shekels to encourage exports, but … Continue reading

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