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Israel’s foreign exchange reserves at the end of March 2026 stood at $228,271 million, a decrease of $6,274 million from their level at the end of the previous month. The level of the reserves relative to GDP was 37.2 percent (Figure 1).

 

The decrease was mainly the result of a revaluation[1] that decreased the reserves by approximately $8,936 million. This decrease was partly offset by the government’s foreign exchange activities totaling approximately $2,681 million.

 

Israel's Foreign Exchange Reserves ($ million)

 

Date

Reserves excluding IMF

Reserves at the IMF[2]

Total Foreign Exchange Reserves

March 2026

223,697

4,574

228,271

February 2026

229,909 c

4,636

234,545c

January 2026

228,360c

4,682

233,042c

December 2025

224,834c

4,674c

229,508c

November 2025

226,794

4,631

231,425

October 2025

227,295

4,659

231,954

September 2025

227,246

4,634

231,880

August 2025

225,694c

4,626

230,320c

July 2025

222,157

4,611

226,768

June 2025

223,651

4,599

228,250

May 2025

219,086c

4,553

223,639c

April 2025

217,489

4,546

222,035

March 2025

214,394c

4,416

218,810c

 

 

 

 

 

Figure 1

Level of foreign exchange reserves, and their ratio to GDP, 2008–2026

 

a Includes Bank of Israel payments and receipts in foreign currency.

b This column includes Special Drawing Rights (SDRs), the balance of NAB loans, and the balance of Israel's reserve tranche at the IMF.

c Updated after the original date of publication.