Israel's bank to report more frequently on transfers of money abroad

Kitco Media
By Reuters
Published:
Updated:
Reuters
JERUSALEM, March 7 (Reuters) - The Bank of Israel has instructed local banks to report more frequently on the movement of money in and out of Israel, a spokesperson for the central bank said on Tuesday. The new directive comes amid a recent weakening in the Israeli shekel since plans were laid out to overhaul the judiciary. The central bank spokesperson said banks have been instructed to make their reports weekly rather than monthly. (Reporting by Ari Rabinovitch; Editing by Andrew Cawthorne)

Messaging: ari.rabinovitch@thomsonreuters.com@reuters.net))
Disclaimer: The views expressed in this article are those of the author and may not reflect those of Kitco Metals Inc. The author has made every effort to ensure accuracy of information provided; however, neither Kitco Metals Inc. nor the author can guarantee such accuracy. This article is strictly for informational purposes only. It is not a solicitation to make any exchange in commodities, securities or other financial instruments. Kitco Metals Inc. and the author of this article do not accept culpability for losses and/ or damages arising from the use of this publication.