The increase was the result of:
a. Government transfers from abroad totaling about $337 million.
b. A revaluation[1] that increased the reserves by about $602 million.
c. Private sector transfers of about $11 million.
Israel's Foreign Exchange Reserves ($ 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[2] |
Total Foreign Exchange Reserves |
July 2017 |
11,540 |
108,733c |
1,377 |
110,110c |
August 2017 |
11,540 |
109,642 |
1,378 |
111,020 |
September 2017 |
11,740 |
109,678 |
1,373 |
111,051 |
October 2017 |
12,000 |
109,943 |
1,366 |
111,309 |
November 2017 |
12,000 |
110,734 |
1,345 |
112,079 |
December 2017 |
12,000 |
111,487 |
1,524c |
113,011c |
January 2018 |
12,000 |
116,100c |
1,522 |
117,622c |
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 |
Figure 1
Level of foreign exchange reserves, and their ratio to GDP, 2007–18

[1] This 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.