The Bank of Israel's foreign exchange reserves totaled approximately $ 213 billion

The Bank of Israel's foreign exchange reserves totaled approximately $ 213 billion at the end of December, compared with $ 208.77 billion at the end of November. This is the amount equivalent to 46.6% of the gross domestic product (GDP).
During December, the central bank purchased $ 4.259 billion in foreign currency, following continued purchases in the previous month. In October, the bank crossed the $ 30 billion it announced earlier this year to try to support the dollar against the local currency and try to stop the appreciation of the shekel.
The Bank of Israel has long said that as long as they need to, they will continue to purchase foreign currency beyond the specified quota. However, unlike the transparency approach from the beginning of the year, this time the bank prefers not to talk about their interventions in foreign exchange trading. Are that the Bank of Israel acted to rescue it from there and weaken it against the dollar.