Foreign Exchange Reserves at the Bank of Israel, June 2019

Israel’s foreign exchange reserves at the end of June 2019 stood at $120,108 million, an increase of $1,984 million from their level at the end of the previous month. The reserves represent 32.5 percent of GDP (Figure 1).

 

The increase was the result of:

a.       A revaluation[1] that increased the reserves by approximately $2,235 million.

b.      Foreign exchange purchases by the Bank of Israel totaling $4 million.

 

In contrast, the increase was offset by:

a.       Private sector transfers of approximately $16 million

b.      Government transfers to abroad totaling approximately $239 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
June 2018	113,340c	1,492	114,832c
July 2018	114,292	1,490	115,782
August 2018	114,520	1,485	116,005
September 2018	113,980c	1,478	115,458c
October 2018	112,446	1,465	113,911
November 2018	113,405	1,651	115,056
December 2018	113,525c	1,754c	115,279
January 2019	116,418c	1,735	118,153c
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

 

 

 

 

 

Figure 1

Level of foreign exchange reserves, and their ratio to GDP, 2007–19

 

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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.