Israel’s foreign exchange reserves at the end of March 2023 stood at $200,490 million, an increase of $4,211 million from their level at the end of the previous month. The level of the reserves relative to GDP was 38.4 percent (Figure 1).
The increase was the result of a revaluation[1] that increased the reserves by approximately $4,282 million.
In contrast, the increase was partly offset by:
- Government transfers to abroad totaling approximately $42 million.
- Private sector transfers totaling approximately $29 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[2] |
Total Foreign Exchange Reserves |
|
March 2023 |
195,955 |
4,535 |
200,490 |
|
February 2023 |
191,987c |
4,292 |
196,279c |
|
January 2023 |
196,460c |
4,525c |
200,985c |
|
December 2022 |
189,742c |
4,476c |
194,218c |
|
November 2022 |
189,997 |
4,421c |
194,418c |
|
October 2022 |
184,531 |
4,311 |
188,842 |
|
September 2022 |
181,720c |
4,274 |
185,994c |
|
August 2022 |
187,804 |
4,347 |
192,151 |
|
July 2022 |
193,011c |
4,458 |
197,469c |
|
June 2022 |
189,384 |
4,426 |
193,810 |
|
May 2022 |
195,361 |
4,447 |
199,808 |
|
April 2022 |
193,213 |
4,417 |
197,630 |
|
March 2022 |
201,619c |
4,544 |
206,163c |
Figure 1
Level of foreign exchange reserves, and their ratio to GDP, 2007–23
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.