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Israel’s foreign exchange reserves at the end of January 2026 stood at $233,044 million, an increase of $3,539 million from their level at the end of the previous month. The level of the reserves relative to GDP was 39.9 percent (Figure 1).
The increase was mainly the result of:
- A revaluation[a] that increased the reserves by approximately $3,068 million.
- The government’s foreign exchange activities totaling approximately $465 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[b] |
Total Foreign Exchange Reserves |
|
January 2026 |
228,362 |
4,682 |
233,044 |
|
December 2025 |
224,831c |
4,674c |
229,505c |
|
November 2025 |
226,794 |
4,631 |
231,425 |
|
October 2025 |
227,295 |
4,659 |
231,954 |
|
September 2025 |
227,246 |
4,634 |
231,880 |
|
August 2025 |
225,694c |
4,626 |
230,320c |
|
July 2025 |
222,157 |
4,611 |
226,768 |
|
June 2025 |
223,651 |
4,599 |
228,250 |
|
May 2025 |
219,086c |
4,553 |
223,639c |
|
April 2025 |
217,489 |
4,546 |
222,035 |
|
March 2025 |
214,394c |
4,416 |
218,810c |
|
February 2025 |
215,898c |
4,356 |
220,254c |
|
January 2025 |
211,710c |
4,358 |
216,068c |
Figure 1
Level of foreign exchange reserves, and their ratio to GDP, 2008–2026
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.