The central bank declined to comment.
Its move came after financial newspaper TheMarker reported that the bank's intervention policy had come under fire by Prime Minister Benjamin Netanyahu's chief economics advisor, Avi Simhon, who was quoted as saying that intervention was tantamount to a protective tariff that raises prices for consumers by deterring import competition.
He argued, according to TheMarker, that only exporters are harmed by an appreciating shekel and they would be able to absorb a 10 percent appreciation of the currency.
A spokesman for the prime minister's office could not immediately comment.
The Bank of Israel has been buying dollars since 2008, boosting its foreign currency reserves by some $70 billion to $96.5 billion. Its policy is aimed at protecting exports, which comprise about 31 percent of economic activity.
"The Bank of Israel's position ... has not changed," the central said on Monday. "The hardship facing Israel's exports industries cannot be ignored, especially given its importance to growth and productivity in Israel."