Israel’s foreign exchange reserves at the end of March 2016 stood at $94,775 million, an increase of $4,156 million from their level at the end of the previous month.
The increase was the result of:
a. Foreign currency purchases by the Bank of Israel totaling $700 million, of which $300 million were bought as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.
b. A revaluation* that increased the reserves by about $1,885 million.
c. Government transfers from abroad of about $1,505 million.
d. An increase of about $66 million derived from private sector transactions.
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*** |
Total |
2015 |
||||
March |
6,640 |
83,445** |
1,538 |
84,983** |
April |
6,640 |
84,145** |
1,568 |
85,713** |
May |
6,890 |
84,214 |
1,550 |
85,764 |
June |
7,150 |
86,549** |
1,630 |
88,179** |
July |
7,410 |
86,810 |
1,614 |
88,424 |
August |
7,670 |
87,370 |
1,628 |
88,998 |
September |
7,925 |
87,848** |
1,628 |
89,476** |
October |
8,185 |
87,610 |
1,620 |
89,230 |
November |
8,185 |
87,231 |
1,591 |
88,822 |
December |
8,700 |
88,942** |
1,633 |
90,575** |
January 2016 |
9,000 |
88,862** |
1,625 |
90,487** |
February |
9,000 |
89,341** |
1,278 |
90,619** |
March |
9,300 |
93,471 |
1,304 |
94,775 |
* This includes Bank of Israel payments and receipts in foreign currency.
** Updated after the original date of publication.
*** This column includes Special Drawing Rights (SDRs), the balance of NAB loans, and the balance of Israel's reserve tranche in the IMF.