IMPLEMENTATION LEVEL

National

AFFECTED FLOW

Inflow

ANNOUNCED AS TEMPORARY

No

NON-TRADE-RELATED RATIONALE

No

ELIGIBLE FIRMS

all

JUMBO

No

TARIFF PEAK

No
← back to the state act
Inception date: 27 Jan 2011 | Removal date: open ended
Still in force

Controls on commercial transactions and investment instruments

On 20 January 2011, the Bank of Israel announced that it would implement reserve requirements for foreign exchange derivative transactions involving nonresidents.
 
Effective 27 January 2011, Israeli banks shall meet a reserve requirement of 10 percent on foreign exchange swaps and foreign exchange forwards executed on behalf of a nonresident.
 
The Bank of Israel motivated the move from an increased buildup of short run positions held by nonresidents in the recent past.

AFFECTED COUNTRIES

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