Full press release as a file

 

Israel’s foreign exchange reserves at the end of December 2023 stood at $204,637 million, an increase of $6,468 million from their level at the end of the previous month. The level of the reserves relative to GDP was 39.5 percent (Figure 1).

 

The increase was mainly the result of:

  1. A revaluation[1] that increased the reserves by approximately $5,700 million.
  2. The government’s foreign exchange activities totaling approximately $705 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 2023

200,065

4,572

204,637

November 2023

193,590

4,579

198,169

October 2023

186,675

4,560

191,235

September 2023

194,025

4,528d

198,553c

August 2023

198,338

4,518

202,856

July 2023

200,086c

4,579

204,665c

June 2023

197,363c

4,513

201,876c

May 2023

195,100

4,521

199,621

April 2023

197,390

4,505

201,895

March 2023

195,951c

4,535

200,486c

February 2023

191,987c

4,292

196,279c

January 2023

196,460c

4,525c

200,985c

December 2022

189,742c

4,476c

194,218c

 

 

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.