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The Bank of Israel will receive the prize of the magazine Central Banking for «exceptional management of foreign exchange reserves»

Economic journal Central Banking has announced that the winner is awarded on an annual basis, awards for the management of foreign exchange reserves in 2017 became the Bank of Israel.

The decision on awarding is accepted by a special Commission composed of members of editorial and Advisory Board members, consisting of former chairmen of Central banks of different countries.

The Board noted the exceptional efforts made by the Bank of Israel to increase profits based on the level of risks caution in decision-making, as well as the outstanding work of market Department of the Bank for the analysis of optimal distribution of investments in different markets and risk spreading.

Note that a year ago, the magazine presented the Bank of Israel prize for transparency.

The Bank of Israel will receive the prize of the magazine Central Banking for «exceptional management of foreign exchange reserves» 14.02.2017

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