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Lior Bakalo

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Lior Bakalo

Bank of Israel: Foreign currency balances decreased in September by $4.6 billion to $237 billion, which is 34.2% of GDP. The decrease is mainly due to the revaluation of the balances (valuation update following changes in currency exchange rates) in the amount of 4.4 billion dollars, and another 272 million dollars from the government's operations in foreign exchange