Israel’s foreign exchange reserves at the end of October 2016 stood at $97,963 million, a decrease of $466 million from their level at the end of the previous month.
The decrease was the result of:
a. A revaluation[a] that decreased the reserves by about $923 million.
These were partly offset by
a. Foreign currency purchases by the Bank of Israel totaling $300 million, all of which were bought as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.
b. Government transfers from abroad totaling about $141 million
c. Private sector transfers totaling about $16 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 |
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 |
June 2016 |
9,600 |
95,594 |
1,041 |
96,635 |
July 2016 |
9,900 |
96,356 |
1,037 |
97,393 |
August 2016 |
9,900 |
96,588 |
1,038 |
97,626 |
September 2016 |
9,900 |
97,380c |
1,049 |
98,429c |
October 2016 |
10,200 |
96,931 |
1,032 |
97,963 |