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Israel’s foreign assets fall for the first time since 2020: Report

Israel’s central financial institution has reported that the steadiness of overseas belongings of Israeli residents declined to roughly $694 billion on the finish of the primary quarter of 2022. The determine represents a decline of $17 billion, or 2.4 %, from an all-time excessive of $711 billion, Xinhua information company quoted the Financial institution of Israel as saying. It was recorded on the finish of 2021.

That is the primary quarterly decline within the figures for belongings held overseas by Israeli residents after seven consecutive will increase because the first quarter of 2020, based on knowledge from the Israeli central financial institution. In accordance with the central financial institution, the principle cause for the autumn is the autumn within the costs of overseas securities held by Israelis.

In accordance with the report, Israel’s excellent liabilities overseas additionally declined by about $19 billion, or 3.5 %, to about $522 billion within the first quarter, primarily resulting from a drop within the costs of Israeli securities held by non-residents. .

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