Israel’s foreign exchange reserves at the end of May 2016 stood at $96,463 million, an increase of $779 million from their level at the end of the previous month.
The increase was the result of:
Foreign currency purchases by the Bank of Israel totaling $1,225 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.
These were partly offset by:
a. Government transfers to abroad of about $57 million.
b. A decrease of about $57 million derived from private sector transactions.
a. A revaluation[a] that decreased the reserves by about $332 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[b] |
Total Foreign Exchange Reserves |
May 2015 |
6,890 |
84,214 |
1,550 |
85,764 |
June 2015 |
7,150 |
1,630 |
88,179c | |
July 2015 |
7,410 |
86,810 |
1,614 |
88,424 |
August 2015 |
7,670 |
87,370 |
1,628 |
88,998 |
September 2015 |
7,925 |
87,848c |
1,628 |
89,476c |
October 2015 |
8,185 |
87,610 |
1,620 |
89,230 |
November 2015 |
8,185 |
87,231 |
1,591 |
88,822 |
December 2015 |
8,700 |
88,942c |
1,633 |
90,575c |
January 2016 |
9,000 |
88,862c |
1,625 |
90,487c |
February 2016 |
9,000 |
89,341 |
1,278 |
90,619c |
March 2016 |
9,300 |
93,476 |
1,304 |
94,780c |
April 2016 |
9,300 |
94,378c |
1,306 |
95,684c |
May 2016 |
9,600 |
95,170 |
1,293 |
96,463 |