• TABLE-Israel forex reserves fall by $587 mln in Jan
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      Israel's foreign currency reserves fell by

      $587 million to $41.741 billion in January, the Bank of Israel

      said on Sunday.

      The central bank said in a statement it bought $1.9 billion

      as part of its plan to increase its foreign currency reserves, a

      programme begun last March.

      It has said it seeks to raise its foreign exchange reserves

      to between $40 billion and $44 billion.

      This was offset by a drop of $1.82 billion in banks' foreign

      currency deposits at the central bank, $89 million in public

      sector transfers abroad and a revaluation of forex reserves

      amounting to $578 million.