Israel’s foreign exchange reserves at the end of May 2023 stood at $199,621 million, a decrease of $2,274 million from their level at the end of the previous month. The level of the reserves relative to GDP was 38.4 percent (Figure 1).
The decrease was the result of:
- A revaluation[1] that decreased the reserves by approximately $2,307 million.
- Government transfers to abroad totaling approximately $16 million.
In contrast, the decrease was partly offset by private sector transfers totaling approximately $49 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[2] |
Total Foreign Exchange Reserves |
|
May 2023 |
195,100 |
4,521 |
199,621 |
|
April 2023 |
197,390 |
4,505 |
201,895 |
|
March 2023 |
195,951c |
4,535 |
200,486c |
|
February 2023 |
191,987c |
4,292 |
196,279c |
|
January 2023 |
196,460c |
4,525c |
200,985c |
|
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 |
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.