
The $158.3 billion owed Israel will be added to the state’s coffer’s foreign currency reserves now at over $273 billion which could help Israel contend with potential local and/or global financial developments.
• Central Bureau of Statistics also report foreign investment in Israel also up, reaching $20.5 billion.
By Zeev Klein
Israel is owed a record $158.3 billion in debts from countries around the world, according to figures published by the Bank of Israel and Central Bureau of Statistics on Monday.
This amount will be added to the BOI’s foreign currency reserves, which as of early 2019 stood at $115 billion, such that the bank’s “financial depth” will now stand at over $273 billion. Continue Reading »