Israel’s foreign exchange reserves at the end of August 2022 stood at $192,151 million, a decrease of $5,318 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 the result of:
a. A revaluation[1] of the reserves by approximately $4,695 million.
b.Private sector transfers of approximately $143 million.
c. Government transfers to abroad totaling approximately $480 million
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[2] |
Total Foreign Exchange Reserves |
|
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 |
|
February 2022 |
202,461c |
4,587 |
207,048c |
|
January 2022 |
204,149c |
4,588 |
208,737c |
|
December 2021 |
208,320c |
4,673 |
212,993c |
|
November 2021 |
204,152 |
4,618c |
208,770c |
|
October 2021 |
202,892 |
4,581 |
207,473 |
|
September 2021 |
199,430c |
4,550 |
203,980c |
|
August 2021 |
201,305c |
4,602d |
205,907c |
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.
d On August 23, 2021, the International Monetary Fund allocated approximately $2.6 billion to Israel, as part of the IMF’s $650 billion allocation to all of the organization’s member countries. Together with this increase in reserves at the IMF, a long-term liability to the IMF—in the amount that was allocated—was added to the Bank of Israel balance sheet.