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Israel Adds Yuan to $206 Billion Reserves in ‘Philosophy’ Change

  • Canadian, Australian, Japanese currencies also added to basket
  • Bank of Israel is moving to reduce allocation for dollar, euro
The Central Bank of Israel in Jerusalem, Israel.

The Central Bank of Israel in Jerusalem, Israel.

Photographer: Kobi Wolf/Bloomberg

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Israel’s central bank has made the biggest changes to its allocation of reserves in over a decade, adding the Chinese yuan alongside three other currencies to a stockpile that last year exceeded $200 billion for the first time ever.