Israel's foreign exchange reserves broke above the $200 billion barrier

arifkarim

Prime Minister (20k+ posts)

Bank of Israel bought $25b foreign currency in H1 2021

Shekel-dollar ASAP Creative


7 Jul, 2021 16:18


Globes correspondent

Israel's foreign exchange reserves broke above the $200 billion barrier for the first time-ever in June.

The Bank of Israel purchased $3.166 billion in foreign currency in June 2021, boosting the country's foreign exchange reserves through the $200 billion barrier for the first time-ever. Israel’s foreign exchange reserves at the end of June 2021 stood at $200.175 billion, up $1.825 billion from their level at the end of the previous month, the Bank of Israel reports. The reserves represent 48.8% of GDP.

This means that the Bank of Israel bought $25 billion in foreign currency in the first half of 2021. In January the Bank of Israel announced that it would buy $30 billion in 2021 to moderate the strengthening of the shekel and assist exporters.

However, the Bank of Israel has since clarified that the 2021 foreign currency purchasing program will likely exceed $30 billion. The purchases have kept the shekel stable at about NIS 3.25/$ for the past six months.

The increase in the foreign currency reserves in June was the result of foreign exchange purchases by the Bank of Israel totaling $3.166 billion partly offset by a revaluation that decreased the reserves by $1.057 billion, government transfers to abroad totaling $155 million and private sector transfers of $129 million.

Published by Globes, Israel business news - en.globes.co.il - on July 7, 2021
© Copyright of Globes Publisher Itonut (1983) Ltd. 2021

Great news from tiny Jewish State of Israel with only 9 million people. It now has 200 billion dollars in foreign exchange reserves, twice the total external debt of Pakistan.

??❤️✡️?


Solomon2 atensari Qudsi Modest Desprado monstar Wake up Pak The Sane Okara Citizen X Sohail Shuja Diesel
 
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Raiwind-Destroyer

Prime Minister (20k+ posts)
Zionist are running most of the banks in USA if they don't build Thier personal bank in Israel then they are not fulfilling Thier promises to the government

It's all the illegal money full of curruption is parked in Israel
 

hkniazi

Minister (2k+ posts)
And when one speaks of deep pocket “juice”, he is accused of “ touching, harassing and even raping” of forkin ”juice”-folk.

their Covid-delta cases are back on the rise. They need forgein reserves to buy new vaccines at 10x of actual price.

and a brotherly suggestion for arifkarim, please try dropping this honorary juice-spokesperson role that you enjoy. you are not helping Pakistan with that.
 

Raiwind-Destroyer

Prime Minister (20k+ posts)
On Dec. 21, the US Congress passed the COVID-19 relief package as part of a larger $2.3 trillion bill intended to cover spending for the rest of the fiscal year. As usual, US representatives allocated a vast sum of money to Israel.

While unemployment and poverty levels in the US are skyrocketing as a result of repeated lockdowns, Washington found it essential to provide Israel with $3.3 billion in “security assistance” and $500 million for US-Israel missile defense cooperation.

Although a meagre $600 payment to help struggling American families was the subject of several months of intense debate, there was little discussion among US politicians over the large funds handed out to Israel, for which there are no returns.

Support for Israel is considered a bipartisan priority and for decades has been perceived as the most stable item on the US foreign policy agenda. The mere questioning of how Israel uses the funds — whether military aid is being actively used to sustain its illegal occupation of Palestine, finance Jewish settlements, fund annexation of Palestinian land or violate Palestinian human rights — is a major taboo.

One of the few members of Congress to demand that assistance to Israel be conditional on the latter’s respect for human rights is Bernie Sanders, the Democratic senator who has twice sought presidential nomination for the party. “We cannot give (aid) carte blanche to the Israeli government — we have the right to demand respect for human rights and democracy,” Sanders said in October 2019.

His Democratic rival Joe Biden, now president-elect, quickly countered. “The idea that I’d withdraw military aid, as others have suggested, from Israel is bizarre,” he said.

It is no secret that Israel has been the world’s leading recipient of US aid since the Second World War. According to the US Congressional Research Service, Israel has received $146 billion of US taxpayers’ money as of November 2020.

From 1971 until 2007, the bulk of these funds proved fundamental in helping Israel establish a strong economic base. Since then, most of the money has been allotted for military purposes, including the security of Israel’s illegal Jewish settlement enterprise.

Despite the US financial crisis of 2008, money continued to be channeled to Israel, whose economy survived the global recession largely unscathed.

In 2016, the US promised even more aid. The Obama administration, often mistakenly seen as hostile to Israel, increased US funding by a significant margin. In a 10-year memorandum of understanding, Washington and Tel Aviv reached a deal whereby the US agreed to give Israel $38 billion in military aid covering the financial years 2019-2028. This is a whopping $8 billion increase compared with the previous 10-year agreement, which ended at the end of 2018.

The new US funds fall into two categories: $33 billion in foreign military grants and an additional $5 billion in missile defense.

US generosity has long been attributed to the unmatched influence of pro-Israeli groups, lead among them the American Israel Public Affairs Committee. However, little lobbying has been required by these groups in the past four years as powerful agents within the administration itself became Israel’s top advocates.

Despite the US financial crisis of 2008, money continued to be channeled to Israel, whose economy survived the global recession largely unscathed.

Ramzy Baroud

Aside from the seemingly endless “political freebies” that the Trump administration has given Israel in recent years, it is now considering ways to accelerate the timetable of delivering the remainder of US funds as determined by the last agreement, which currently stands at $26.4 billion. According to official congressional documents, the US also may approve additional sales of the F-35 fighter jet, and accelerate delivery of KC-46A refueling and transport aircraft.

These are not the only funds and perks Israel receives. Much more goes unreported since it is channeled indirectly or simply promoted under the flexible title of “cooperation.”

For example, between 1973 and 1991, $460 million of US funds was allocated to resettling Jews in Israel. Many of these new immigrants are now the very Israeli militants who occupy the West Bank illegal settlements. In this case, the money was paid to a private charity, the United Israel Appeal, which passes it on to the Jewish Agency. The latter has played a central role in the founding of Israel on top of the ruins of Palestinian towns and villages in 1948.

Under the guise of charitable donations, tens of millions of dollars are regularly sent to Israel in the form of “tax-deductible gifts for Jewish settlements in the West Bank and East Jerusalem,” according to The New York Times. Much of the money, falsely promoted as donations for educational and religious purposes, often finds its way to funding and buying housing for illegal settlers, “as well as guard dogs, bulletproof vests, rifle scopes and vehicles to secure (illegal Jewish) outposts deep in occupied (Palestinian) areas.”

Quite often, US money ends up in the Israeli government coffers under false pretenses. For example, the latest stimulus package includes $50 million to fund the Nita M. Lowey Middle East Partnership for Peace Funds, supposedly to provide investments in “people-to-people exchanges and economic cooperation between Israelis and Palestinians with the goal of supporting a negotiated and sustainable two-state solution.”

Actually, such money serves no particular purpose, since Washington and Tel Aviv endeavor to ensure the demise of a negotiated peace agreement and work hand-in-hand to kill the now-defunct two-state solution.

The list is endless, though most of this money is not included in the official US aid packages to Israel and, therefore, receives little scrutiny, let alone media coverage.

As of February 2019, the US has withheld all funds to the Palestinian Authority in the West Bank, in addition to cutting aid to the UN Relief and Works Agency for Palestine refugees, the last lifeline providing basic education and health services to millions of displaced people.

Judging by its legacy of support for the Israeli military machine and the colonial expansion in the West Bank, Washington insists on serving as Israel’s main benefactor, if not direct partner, while shunning Palestinians altogether. Expecting the US to play a constructive role in achieving a just peace in Palestine shows not only indefensible naivety but also wilful ignorance.
 

arifkarim

Prime Minister (20k+ posts)
Washington found it essential to provide Israel with $3.3 billion in “security assistance”
It gets that each year since 1979 peace accord with Egypt. Israel is a 400 billion dollar economy with 100 billion dollar exports. Pakistan's exports are less than 30 billion dollars.
 

Citizen X

(50k+ posts) بابائے فورم

Bank of Israel bought $25b foreign currency in H1 2021

Shekel-dollar ASAP Creative


7 Jul, 2021 16:18


Globes correspondent

Israel's foreign exchange reserves broke above the $200 billion barrier for the first time-ever in June.

The Bank of Israel purchased $3.166 billion in foreign currency in June 2021, boosting the country's foreign exchange reserves through the $200 billion barrier for the first time-ever. Israel’s foreign exchange reserves at the end of June 2021 stood at $200.175 billion, up $1.825 billion from their level at the end of the previous month, the Bank of Israel reports. The reserves represent 48.8% of GDP.

This means that the Bank of Israel bought $25 billion in foreign currency in the first half of 2021. In January the Bank of Israel announced that it would buy $30 billion in 2021 to moderate the strengthening of the shekel and assist exporters.

However, the Bank of Israel has since clarified that the 2021 foreign currency purchasing program will likely exceed $30 billion. The purchases have kept the shekel stable at about NIS 3.25/$ for the past six months.

The increase in the foreign currency reserves in June was the result of foreign exchange purchases by the Bank of Israel totaling $3.166 billion partly offset by a revaluation that decreased the reserves by $1.057 billion, government transfers to abroad totaling $155 million and private sector transfers of $129 million.

Published by Globes, Israel business news - en.globes.co.il - on July 7, 2021
© Copyright of Globes Publisher Itonut (1983) Ltd. 2021

Great news from tiny Jewish State of Israel with only 9 million people. It now has 200 billion dollars in foreign exchange reserves, twice the total external debt of Pakistan.

??❤️✡️?


Solomon2 atensari Qudsi Modest Desprado monstar Wake up Pak The Sane Okara Citizen X Sohail Shuja Diesel
By the frequency of your threads and outspoken pro stance of this apartheid rogue nation one starts to wonder if you are on the payroll. Hasbara much?
 

arifkarim

Prime Minister (20k+ posts)
By the frequency of your threads and outspoken pro stance of this apartheid rogue nation one starts to wonder if you are on the payroll. Hasbara much?
As a Muslim Zionist, I support Jewish State of Israel, just like as Palestinian activist, you support Arab State of Palestine. However I also condemn Israeli occupation of Palestinian territories and human rights abuses. Not sure if you condemn Hamas terrorism and humans rights abuses by them in Palestinian territories.
 

Citizen X

(50k+ posts) بابائے فورم
As a Muslim Zionist, I support Jewish State of Israel
Duh! Thats pretty obvious but I was wondering with the amount of "supporting" you do is far from normal, even that hasbara man Solomon does not do this much "supporting", So there must be something in it for you. Ka ching! $$$$$$
 

arifkarim

Prime Minister (20k+ posts)
Duh! Thats pretty obvious but I was wondering with the amount of "supporting" you do is far from normal, even that hasbara man Solomon does not do this much "supporting", So there must be something in it for you. Ka ching! $$$$$$
I project positive image of Israel (science and technology) while criticizing the bad image (occupation, oppression of Palestinians)
 

arifkarim

Prime Minister (20k+ posts)
You do a lot more of this than the other, I would say 90/10..
Question is why?
As a Muslim Zionist I support Jewish State of Israel's right to live in peace with its neighbors. I also support establishment of Arab State of Palestine, end of Israeli occupation and oppression of Palestinians. Because you can change everything but never your neighbors. Live long and prosper.
 

Citizen X

(50k+ posts) بابائے فورم
As a Muslim Zionist I support Jewish State of Israel's right to live in peace with its neighbors. I also support establishment of Arab State of Palestine, end of Israeli occupation and oppression of Palestinians. Because you can change everything but never your neighbors. Live long and prosper.
Maybe you are having difficulty understanding the question or just trying to act smart and sidetrack. All this is fine, but you still haven't answered my question.
 

arifkarim

Prime Minister (20k+ posts)
Maybe you are having difficulty understanding the question or just trying to act smart and sidetrack. All this is fine, but you still haven't answered my question.
What question? You support PTI. Does this mean you are paid cash for doing that?
 

Citizen X

(50k+ posts) بابائے فورم
My 9 out of 10 threads are in support of PTI and only 1 out of 10 in support of Israel. So PTI must be paying me much more ?
This is a Pakistani political site so that's not usual but kissing Israeli butt so hard over here. Garners nothing but suspicion.
 

arifkarim

Prime Minister (20k+ posts)
This is a Pakistani political site so that's not usual but kissing Israeli butt so hard over here. Garners nothing but suspicion.
If people can post pro Palestinian threads on Pakistani political site, then pro Israeli posts should also be allowed. People must know other side of the story. Keep your friends close and enemies closer.
 

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