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The international reserves of the Bank of Israel rose month on month by 1.6% in October to $121.3 billion, due mainly to revaluations, said the central bank on November 7.

Last month alone reserves increased by $1.9 billion, which took the overall portfolio to 32.3% of Israel’s GDP. Year on year, the portfolio has expanded by 6.5%.

Foreign exchange purchases accounted for $314 million last month, and government transfers from abroad $184 million. Nonetheless, the most significant contributor

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currensceneFLOGO WHTsquareThough not the oldest form of currency, some form of shell money appears to have been found on almost every continent. The shell most widely used worldwide as currency was the shell of Cypraea moneta, the money cowry.

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