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Israel’s foreign exchange reserves at the end of May 2025 stood at $223,626 million, an increase of $1,591 million from their level at the end of the previous month. The level of the reserves relative to GDP was 40.8% percent (Figure 1).
The increase was mainly the result of a revaluation[1] that increased the reserves by approximately $2,446 million. This increase was partly offset by the government’s foreign exchange activities totaling approximately $855 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[2] |
Total Foreign Exchange Reserves |
|
May 2025 |
219,073 |
4,553 |
223,626 |
|
April 2025 |
217,489 |
4,546 |
222,035 |
|
March 2025 |
214,394c |
4,416 |
218,810c |
|
February 2025 |
215,898c |
4,356 |
220,254c |
|
January 2025 |
211,710c |
4,358 |
216,068c |
|
December 2024 |
210,170c |
4,400c |
214,570c |
|
November 2024 |
212,684 |
4,416 |
217,100 |
|
October 2024 |
211,638 |
4,436 |
216,074 |
|
September 2024 |
215,807 |
4,570 |
220,377 |
|
August 2024 |
212,847c |
4,538 |
217,385c |
|
July 2024 |
209,141 |
4,493 |
213,634 |
|
June 2024 |
205,854c |
4,427 |
210,281c |
|
May 2024 |
206,035c |
4,475 |
210,510c |
Figure 1
Level of foreign exchange reserves, and their ratio to GDP, 2007–2025
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.