The increase was the result of:
a. Foreign exchange purchases by the Bank of Israel totaling $2,266 million.
b. A revaluation[1] that increased the reserves by approximately $1,316 million.
c. Government transfers from abroad totaling approximately $69 million.
In contrast, the increase was partly offset by private sector transfers of approximately $11 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[2] |
Total Foreign Exchange Reserves |
|
December 2018 |
113,525c |
1,754c |
115,279 |
|
January 2019 |
116,418c |
1,735 |
118,153c |
|
February 2019 |
116,218c |
1,721 |
117,939c |
|
March 2019 |
116,514c |
1,705 |
118,219c |
|
April 2019 |
117,044 |
1,699 |
118,743 |
|
May 2019 |
116,485 |
1,639 |
118,124 |
|
June 2019 |
118,460 |
1,648 |
120,108 |
|
July 2019 |
118,309 |
1,685 |
119,994 |
|
August 2019 |
118,134c |
1,678c |
119,812 |
|
September 2019 |
117,797c |
1,672 |
119,469c |
|
October 2019 |
119,671 |
1,690 |
121,361 |
|
November 2019 |
120,702 |
1,681 |
122,383 |
|
December 2019 |
124,265 |
1,758 |
126,023 |
Figure 1Level of foreign exchange reserves, and their ratio to GDP, 2007–19
[1] This includes Bank of Israel payments and receipts in foreign currency.
[2] 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.