Israel’s foreign exchange reserves at the end of May 2015 stood at $85,764 million, an increase of $51 million from their level at the end of April 2015.
The increase was the result of Foreign currency purchases by the Bank of Israel totaling $650 million, of which $250 million were bought as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.
These were partly offset by:
a. A decrease of $24 million derived from private sector transactions.
b. Government transfers to abroad of about $230 million.
c. A revaluation* that decreased the reserves by about $345 million.
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 |
December 2013 |
2,100 |
79,591** |
2,199 |
81,790** |
January 2014 |
2,330 |
81,002** |
2,163 |
83,165** |
February |
2,680 |
81,956** |
2,019 |
83,975** |
March |
2,975 |
83,552 |
2,018 |
85,570 |
April |
3,265 |
84,479** |
2,001 |
86,480** |
May |
3,560 |
84,485 |
1,993 |
86,478 |
June |
3,850 |
84,845 |
1,968 |
86,813 |
July |
4,140 |
85,190 |
1,949 |
87,139 |
August |
4,725 |
85,700 |
1,928 |
87,628 |
September |
4,725 |
84,298 |
1,890 |
86,188 |
October |
5,005 |
84,531 |
1,885 |
86,416 |
November |
5,155 |
84,470 |
1,858 |
86,328 |
December |
5,600 |
84,342** |
1,759 |
86,101** |
January 2015 |
5,860 |
82,959** |
1,706 |
84,665** |
February |
6,105 |
83,675** |
1,645 |
85,320** |
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 |
* 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.