Israel Bank reserves are at historical highs.

At the end of September 2024, the Bank of Israel's foreign exchange reserves increased by $3 billion compared to August and reached $220.37 billion, setting a new record. This represents 42.8% of the country's GDP, up 0.4% from August, although still below the all-time high.

The rise in foreign exchange reserves in September was driven by changes in exchange rates and increased investment, which led to an increase in Bank of Israel assets. This trend indicates the continued stability and reliability of the country's financial system, which is an important factor for ensuring economic growth and sustainability.

The Bank of Israel continues to actively manage the country's financial resources, striving to optimize their use and maximize profitability. With the increase in foreign exchange reserves and constant control over them, Israel strengthens its financial position and readiness for any challenges and changes on the world stage.