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Israel: Reserve Requirement on Foreign Exchange Derivative Transactions by Nonresidents

Description

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 ...

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Intervention Details

Intervention Type

Controls on commercial transactions and investment instruments

MAST Chapter

Capital control measures

Implementation date

27 Jan 2011

Revocation date

No revocation date

Implementation level

National

Affected flow

Inward

Announced as temporary

No

Eligible firms

all

Affected Trading Partners

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Affected Products

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