Record $158.3 billion in worldwide debts owed to Israel
Wednesday, March 13, 2019 | Tag Cloud Tags: debt, Israel, News, Security, Worthy News | Learn about our FREE SYNDICATION Service | Sign up for our Worthy Briefs!
(Worthy News) – Israel is owed a record $158.3 billion in debts from countries around the world, according to figures published by the Bank of Israel and Central Bureau of Statistics on Monday.
This amount will be added to the BOI’s foreign currency reserves, which as of early 2019 stood at $115 billion, such that the bank’s “financial depth” will now stand at over $273 billion.
The sum provides a security blanket of sorts to help the country contend with potential local and global financial scenarios. [ Source: Israel Hayom (Read More…) ]
Fair Use Notice:This site contains copyrighted material the use of which has not always been specifically authorized by the copyright owner. We are making such material available in our efforts to advance understanding of environmental, political, human rights, economic, democracy, scientific, and social justice issues, etc. We believe this constitutes a 'fair use' of any such copyrighted material as provided for in section 107 of the US Copyright Law. In accordance with Title 17 U.S.C. Section 107, the material on this site is distributed without profit to those who have expressed a prior interest in receiving the included information for research and educational purposes. For more information go to: http://www.law.cornell.edu/uscode/17/107.shtml. If you wish to use copyrighted material from this site for purposes of your own that go beyond 'fair use', you must obtain permission from the copyright owner.