To Figure 1- Level of
foreign exchange reserves, and their ratio to GDP, 2007–19.
(in Hebrew)
Israel’s foreign exchange reserves at the end of February 2019 stood at $117,947 million, a decrease of $207 from their level at the end of the previous month. The reserves represent 31.9 percent of GDP (Figure 1).
The decrease was the result of government transfers to abroad totaling approximately $684 million.
In contrast, the decrease was offset by:
a.Foreign exchange purchases by the Bank of Israel totaling $2 million.
b.Private sector transfers of approximately $31 million.
c.A revaluation[a] that increased the reserves by approximately $444 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves bought under the natural gas purchase program |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[b] |
Total Foreign Exchange Reserves |
|
|
February 2018 |
12,304 |
114,783c |
1,510c |
116,293c |
|
|
March 2018 |
12,447 |
114,609c |
1,518 |
116,127c |
|
|
April 2018 |
12,471 |
113,872 |
1,482 |
115,354 |
|
|
May 2018 |
12,625 |
113,239 |
1,461 |
114,700 |
|
|
June 2018 |
12,750 |
113,340c |
1,492 |
114,832c |
|
|
July 2018 |
12,750 |
114,292 |
1,490 |
115,782 |
|
|
August 2018 |
12,923 |
114,520 |
1,485 |
116,005 |
|
|
September 2018 |
12,939 |
113,980c |
1,478 |
115,458c |
|
|
October 2018 |
13,056 |
112,446 |
1,465 |
113,911 |
|
|
November 2018 |
13,274 |
113,405 |
1,651 |
115,056 |
|
|
December 2018 |
13,500 |
113,525c |
1,754c |
115,279 |
|
|
January 2019 |
13,500 |
116,419c |
1,735 |
118,154c |
|
|
February 2019 |
13,500 |
116,226 |
1,721 |
117,947 |
|
[a] This 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.