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Israel’s foreign exchange reserves at the end of November 2022 stood at $194,414 million, an increase of $5,572 million from their level at the end of the previous month. The level of the reserves relative to GDP was 37.5 percent.

 

The increase was the result of a revaluation[1] that increased the reserves by approximately $6,754 million.

 

In contrast, the increase was partly offset by:

Government transfers to abroad totaling approximately $1,134 million.

Private sector transfers totaling approximately $48 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

November 2022

189,997

4,417

194,414

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

March 2022

201,619c

4,544

206,163c

February 2022

202,461c

4,587

207,048c

January 2022

204,149c

4,588

208,737c

December 2021

208,320c

4,673

212,993c

November 2021

204,152

4,618c

208,770c

 

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.