Foreign Exchange Reserves at the Bank of Israel, July 2018

Israel’s foreign exchange reserves at the end of July 2018 stood at $115,782 million, an increase of $950 million from their level at the end of the previous month. The reserves represent 32.1 percent of GDP (Figure 1).

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

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[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.