The New York Review of Books recently devoted a lot of space to a review of “The Sword and the.
4. Israel’s foreign exchange reserves, as a percentage of GDP, are third among OECD countries. Israel’s total foreign exchange reserves are at an all-time high at $170BN, of which $17BN was acquired in 2020. Notwithstanding the unprecedented dollar acquisition by the Bank of Israel but due to the unprecedented level of foreign investment Israel’s shekel is gaining strength: 3.81 per US dollar on March 17, 2020 and still 3.23 on December 22, 2020.
5. Israel’s national debt-to-GDP ratio was 60% before the arrival of COVID-19, compared to 109% for the US. In December 2020, it is 76%, compared to 131% for the US.
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