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.
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.