Economy · Full coverage

Bank of Israel Buys Over $1 Billion in Forex for Second Consecutive Month

How 7 Israeli newsrooms covered this story — translated into English and compared side by side.

60% center

Center 3Right 2Unrated 2

First reported by Globes · Jul 7, 2026

What happened

The Bank of Israel intervened in the foreign exchange market for the second month in a row by purchasing over $1 billion in June 2026 to stabilize markets amid geopolitical tensions and a rising US dollar. Foreign currency reserves reached nearly $239 billion, representing 37.2% of GDP.

01Bank of Israel bought $1.027 billion in foreign currency in June 2026, second consecutive month of intervention.
02May 2026 purchases totaled $801 million after a long pause in significant dollar acquisitions.
03Foreign currency reserves reached $238.699 billion by end of June, a slight $18 million increase from May.
04Reserves growth offset by a $1.458 billion negative revaluation of foreign currency holdings.
05Reserves now equal 37.2% of Israel's GDP amid US dollar strengthening and geopolitical volatility.
06Bank stresses interventions are selective measures to maintain orderly market activity.

Summary translated & synthesized from the sources below by baba. Read each original for the full report.

In this story

OrganizationsBank of Israel