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Israel’s foreign exchange reserves at the end of January 2023 stood at $201,000 million, an increase of $6,782 million from their level at the end of the previous month. The level of the reserves relative to GDP was 39.0 percent (Figure 1).
The increase was the result of:
- A revaluation[1] that increased the reserves by approximately $5,631million.
- Government transfers from abroad totaling approximately $1,110 million.
- Private sector transfers totaling approximately $41 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[2] |
Total Foreign Exchange Reserves |
|
January 2023 |
196,476 |
4,524 |
201,000 |
|
December 2022 |
189,742c |
4,476c |
194,218c |
|
November 2022 |
189,997 |
4,421c |
194,418c |
|
October 2022 |
184,531 |
4,311 |
188,842 |
|
September 2022 |
181,720c |
4,274 |
185,994c |
|
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 |
Figure 1
Level of foreign exchange reserves, and their ratio to GDP, 2007–23
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.