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Israel’s foreign exchange reserves at the end of May 2026 stood at $238,681 million, an increase of $2,953 million from their level at the end of the previous month. The level of the reserves relative to GDP was 37.2 percent (Figure 1).
The increase was mainly the result of:
- A revaluation[a] that increased the reserves by approximately $2,685 million.
- Foreign exchange purchases by the Bank of Israel amounting to US$801million that were transacted in May specifically in order to maintain the orderly functioning of the markets.
This increase was partly offset by the government’s foreign exchange activities totaling approximately $721 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF |
Reserves at the IMF[b] |
Total Foreign Exchange Reserves |
|
May 2026 |
234,098 |
4,583 |
238,681 |
|
April 2026 |
231,113c |
4,615 |
235,728c |
|
March 2026 |
224,832c |
4,574 |
229,406c |
|
February 2026 |
229,896c |
4,636 |
234,532c |
|
January 2026 |
228,346c |
4,682 |
233,028c |
|
December 2025 |
224,834c |
4,674c |
229,508c |
|
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 |
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.