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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.