Al Mayadeen English

  • Ar
  • Es
  • x
Al Mayadeen English

Slogan

  • News
    • Politics
    • Economy
    • Sports
    • Arts&Culture
    • Health
    • Miscellaneous
    • Technology
    • Environment
  • Articles
    • Opinion
    • Analysis
    • Blog
    • Features
  • Videos
    • NewsFeed
    • Video Features
    • Explainers
    • TV
    • Digital Series
  • Infographs
  • In Pictures
  • • LIVE
News
  • Politics
  • Economy
  • Sports
  • Arts&Culture
  • Health
  • Miscellaneous
  • Technology
  • Environment
Articles
  • Opinion
  • Analysis
  • Blog
  • Features
Videos
  • NewsFeed
  • Video Features
  • Explainers
  • TV
  • Digital Series
Infographs
In Pictures
  • Africa
  • Asia
  • Asia-Pacific
  • Europe
  • Latin America
  • MENA
  • Palestine
  • US & Canada
BREAKING
Israeli media: Rafah crossing was not opened as planned, and no date has yet been set for the resumption of movement through it.
Colombian President Gustavo Petro: There will be no change in diplomatic relations with Israel until it complies with the agreements.
Maduro: We say to the people of the United States that we do not want war in the Caribbean or in South America.
Maduro: The sadists in America believe they can issue orders for the world to follow, that they rule while others must adapt. But the first to know this is false are the American people themselves.
Caracas: US maneuvers seek to legitimize regime change and seizure of Venezuelan oil resources.
Caracas: The announced US military deployment in the Caribbean region constitutes a policy of aggression and a threat against Venezuela.
Venezuela: We reject Trump's statements allowing US intelligence agencies to operate in Venezuela.
Palestinian media: Occupation forces storm the town of Azzun, east of Qalqilya
Al Mayadeen's correspondent: Israeli occupation forces fire on Shujaiyya neighborhood east of Gaza City.
Palestinian Prisoners' Information Office: Four of his ribs were broken

'Israel' loses billions in foreign exchange reserves

  • By Al Mayadeen English
  • Source: Israeli media
  • 7 May 2024 18:46
  • 5 Shares
2 Min Read

The Bank of Israel blames the plunge on the reevaluation of foreign Israeli assets.

  • x
  • 'Israel' loses billions in foreign exchange reserves
    The headquarters of the Bank of Israel, the country’s central bank, in occupied al-Quds, occupied Palestine, on August 23, 2022. (AFP)

Israeli foreign exchange reserves have decreased by $5.632 billion from March to April, marking an ongoing trend of downturn in Israeli finances, the Israeli central bank reported. 

These reserves currently stand at $208.109 billion, as the decrease was mainly attributed to a revolution of Israeli foreign assets, marked at $3.895 billion. As for the government's sales and purchases of foreign assets, the total added up to a $1.703 billion deficit. 

The Israeli central bank has sold a total of $8.5 billion in foreign currency since "Israel" launched its war on the Gaza Strip on October 7, 2023, according to the Israeli news website Globes. 

Read more: OECD estimates lesser growth in Israeli economy than promised

Related News

Trump arrives in Tel Aviv before Sharm El-Sheikh summit

Netanyahu booed in Tel Aviv during US envoy Witkoff speech

Israeli war on Gaza costing billions

Bank of Israel Governor Amir Yaron confirmed that "Israel’s" increasing military budget spending is endangering the economy as the proportion of debt to gross domestic product skyrocketed 1.4 percentage points to 61.9% at the end of last year.

After submitting the bank’s annual report to the occupation's Prime Minister Benjamin Netanyahu, Yaron said on Sunday, "An assessment by markets that Israel is moving toward an increasing debt route in the medium and long term could lead to an additional increase in yields, devaluation, and inflationary pressures."

The government already agreed to boost spending by 10 billion shekels ($2.7 billion) yearly from 2025, even though some claim it needs to be twice that amount, and the goal of stabilizing the ratio lies at 67% in future years.

The downturn in "Israel's" financial system comes in concurrence with huge blows health to vital economic sectors such as maritime trade, agriculture in the north, and tourism, which are all a direct result of the Israeli genocide of Palestinian people in the Gaza Strip. 

Read more: Israeli-centered IMEC dealt heavy blow by Axis of Resistance: Report

  • Tel Aviv
  • Battle of Al-Aqsa Flood
  • Israel
  • Israeli Foreign Exchange Reserves
  • Bank of Israel
War on Gaza

War on Gaza

Most Read

Iran strikes secret Israeli-US bunker under Tel Aviv high-rise

Tel Aviv high-rise struck by Iran hid Site 81, secret US-Israeli base

  • Politics
  • 14 Oct 2025
Palestinian journalist Saleh al-Jaafarawi in an undated image in Gaza, occupied Palestine (Social media)

Gaza Palestinian journalist Saleh al-Jafarawi killed by collaborators

  • Politics
  • 12 Oct 2025
drop site

New report details extensive Israeli arson in Gaza after ceasefire

  • Politics
  • 13 Oct 2025
Illustration of fists breaking shackles, representing the liberation of Palestinian detainees from Israeli prisons. (Illustrated by: AL Mayadeen English/Batoul Chamas)

4 prominent Palestinian detainees to be freed: Who are they?

  • Palestine
  • 13 Oct 2025

Coverage

All
War on Gaza

Read Next

All
Members of the media wait for Palestinian prisoners and injured at the Rafah border crossing in Egypt, Saturday, Feb. 1, 2025 (AP)
Politics

Rafah crossing to reopen for travelers from Gaza: Reuters

US President Donald Trump speaks during an event in the Oval Office at the White House, Wednesday, October 15, 2025, in Washington (AP)
Politics

'Israel' may resume Gaza war if Hamas breaches ceasefire, Trump says

Mourners attend the funeral of slain captive Captain Daniel Peretz at Mt. Herzl military cemetery in occupied al-Quds, Wednesday, October 15, 2025 (AP)
Politics

Al-Qassam Brigades hand over all living Israeli captives

Armored vehicles drive through a street during a government-organized march in support of President Nicolas Maduro in Caracas, Venezuela, Tuesday, Sept. 23, 2025 (AP)
Politics

US approves covert CIA action in Venezuela: Reports

Al Mayadeen English

Al Mayadeen is an Arab Independent Media Satellite Channel.

All Rights Reserved

  • x
  • Privacy Policy
  • About Us
  • Contact Us
  • Authors
Android
iOS