{"id":529727,"date":"2026-07-07T15:17:08","date_gmt":"2026-07-07T15:17:08","guid":{"rendered":"https:\/\/www.newsbeep.com\/il\/529727\/"},"modified":"2026-07-07T15:17:08","modified_gmt":"2026-07-07T15:17:08","slug":"bank-of-israel-resumes-dollar-purchases-again-after-yearslong-pause","status":"publish","type":"post","link":"https:\/\/www.newsbeep.com\/il\/529727\/","title":{"rendered":"Bank of Israel resumes dollar purchases again after yearslong pause"},"content":{"rendered":"<p>The Bank of Israel is returning to foreign currency market intervention after a yearslong pause, buying dollars in an effort to influence foreign exchange rates against the shekel.<\/p>\n<p>The central bank said Tuesday that it bought dollars in June for the second consecutive month, purchasing more than $1 billion after <a id=\"SkirKcm5cXzl\" href=\"https:\/\/www.ynetnews.com\/business\/article\/bjsmiafwme\" target=\"_blank\" rel=\"nofollow noopener\">buying $801 million in May<\/a>.<a class=\"gelleryOpener\" aria-label=\"open article gallery\" data-image-id=\"ArticleImageData.H1gO56Y5mMg\" id=\"image_ArticleImageData.H1gO56Y5mMg\"><img decoding=\"async\" id=\"ReduxEditableImage_ArticleImageData.H1gO56Y5mMg\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/07\/S1aPmYJxzx_0_0_850_479_0_x-large.jpg\" alt=\"\u05e4\u05e8\u05d5\u05e4' \u05d0\u05de\u05d9\u05e8 \u05d9\u05e8\u05d5\u05df, \u05d3\u05d5\u05dc\u05e8\u05d9\u05dd\" title=\"Bank of Israel Governor Prof. Amir Yaron  (Photo: Shutterstock, Alex Kolomoisky) \" aria-hidden=\"false\"\/><\/a><img decoding=\"async\" id=\"ReduxEditableImage_ArticleImageData.H1gO56Y5mMg\" src=\"https:\/\/www.newsbeep.com\/il\/wp-content\/uploads\/2026\/07\/S1aPmYJxzx_0_0_850_479_0_x-large.jpg\" alt=\"\u05e4\u05e8\u05d5\u05e4' \u05d0\u05de\u05d9\u05e8 \u05d9\u05e8\u05d5\u05df, \u05d3\u05d5\u05dc\u05e8\u05d9\u05dd\" title=\"Bank of Israel Governor Prof. Amir Yaron  (Photo: Shutterstock, Alex Kolomoisky) \" aria-hidden=\"false\"\/><\/p>\n<p>Bank of Israel Governor Prof. Amir Yaron <\/p>\n<p>(Photo: Shutterstock, Alex Kolomoisky)<\/p>\n<p>Israel\u2019s foreign currency reserves stood at $238.699 billion at the end of June 2026, an increase of $18 million from the end of May. The reserves now amount to 37.2% of gross domestic product.<\/p>\n<p>The Bank of Israel said the increase was driven mainly by government foreign exchange activity totaling about $625 million and central bank foreign currency purchases of $1.027 billion. It said the June purchases were carried out \u201con a targeted basis to maintain the continued orderly functioning of the markets.\u201d<\/p>\n<p>The increase was partly offset by a $1.458 billion revaluation of foreign currency reserves.<\/p>\n<p>Following the currency purchases and amid an unstable geopolitical situation in the Middle East, the dollar has strengthened in recent weeks from 2.80 shekels to about 3 shekels.<\/p>\n","protected":false},"excerpt":{"rendered":"The Bank of Israel is returning to foreign currency market intervention after a yearslong pause, buying dollars in&hellip;\n","protected":false},"author":2,"featured_media":457262,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[85,46,43],"class_list":["post-529727","post","type-post","status-publish","format-standard","has-post-thumbnail","category-israel","tag-il","tag-israel","tag-news"],"_links":{"self":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/529727","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/comments?post=529727"}],"version-history":[{"count":0,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/posts\/529727\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media\/457262"}],"wp:attachment":[{"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/media?parent=529727"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/categories?post=529727"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.newsbeep.com\/il\/wp-json\/wp\/v2\/tags?post=529727"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}