Foreign Exchange Reserves in the Bank of Israel, August 2013

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Israel’s foreign exchange reserves at the end of August 2013 stood at $78,519 million, a decline of $552 million from their level at the end of July.  

The decrease was the result of:
  1.  A revaluation that decreased the reserves by about $191million.
  2. Government transfers to abroad totaling about $787 million.

These were partly offset by:
  1. Foreign exchange purchases by the Bank of $290 million, bought under the purchase program intended to offset the effect on the exchange rate of natural gas production in Israel.
  2.  Private sector transfers from abroad totaling about $136 million.

 

  Israel's Foreign Exchange Reserves
$ Million
 
 
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
2011December
-
73,052
1,823**
74,875**
2012        January
-
75,273**
1,842
77,115**
               February
-
75,252
1,847
77,099
               March
-
75,152
1.845
76,997
               April
-
74,762
1,867
76,629
               May
-
72,974
1,818
74,792
               June
-
73,292
1,827
75,119
               July
-
73,570
1,816
75,386
               August
-
73,780
1,836
75,616
               September
-
74,364
1,862
76,226
               October
-
74,032
1,864
75,896
               November
-
73,807
1,865
75,672
               December
-
74,040**
1,866
75,906**
2013        January
-
76,534**
1,879
78,413**
               February
-
75,429
1,846
77,275
               March
-
75,142
1,825
76,967
               April
-
75,327
1,819
77,146
               May
230
75,832
1,818
77,650
               June
470
76,390
1,830
78,220
               July
725
77,202
1,869
79,071
               August
1,015
76,650
1,869
78,519
 

 *        This column includes Special Drawing Rights (SDRs), the balance of NAB loans, and the balance of Israel's reserve tranche in the IMF.

**      Updated after the original date of publication.