The Bank of Israel has purchased over $3 billion in foreign currency in June 2021, pushing the country's foreign exchange reserves over the $200 billion mark for the first time ever, to $200.175 billion as of June 2021.
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Israel's forex reserves thus increased by $1.825 billion from May, the central bank said, adding that the reserves represent 48.8% of the gross domestic product.
The figure means the Bank of Israel bought $25 billion in foreign currency in the first half of 2021. This policy has kept the shekel fairly stable, at about NIS 3.25/$ for the past six months.
