Israel’s foreign exchange reserves at the end of February 2020 stood at $131,151 million, an increase of $1,176 million from their level at the end of the previous month. The reserves represent 33.2 percent of GDP (Figure 1).
The increase was the result of:
a. Foreign exchange purchases by the Bank of Israel totaling $2,764 million.
b. Private sector transfers of approximately $1 million.
The increase was partly offset by:
a. A revaluation[1] that decreased the reserves by approximately $1,205 million.
b. Government transfers to abroad totaling approximately $384 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[2] |
Total Foreign Exchange Reserves |
|
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 |
124,253c |
1,761c |
126,014c |
|
January 2020 |
128,231 c |
1,744 |
129,975 c |
|
February 2020 |
129,426 |
1,725 |
131,151 |
Figure 1
Level of foreign exchange reserves, and their ratio to GDP, 2007–20
Figure 1[1] 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.