Israel’s foreign reserves fall by $7.3 billion in October amid war on Gaza
In a statement, the Bank of Israel said the country’s foreign reserves reached $191.2 billion in October, down from $198.55 billion in September.
Israel’s reserves are now at their lowest level in a year.
Soon after the outbreak of Israel’s war on Gaza, the Bank of Israel announced a $45 billion package to support the shekel.
Israel launched massive air and ground attacks on the Gaza Strip following a cross-border attack by Hamas on October 7.
At least 10,328 Palestinians, including 4,237 children and 2,719 women, have been killed since then. Survivors are living in unspeakable suffering with a complete blockade of water, electricity, fuel and other essentials of life.
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