Foreign Exchange Reserves in the Bank of Israel, January 2014

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Israel’s foreign exchange reserves at the end of January 2014 stood at $83,191 million, an increase of $1,401 million from their level at the end of December 2013.
 
The increase was the result of:
a.       Foreign currency purchases by the Bank of Israel totaling $1,730 million, of which $230 million were purchased as part of the purchase program intended to offset the effect of natural gas production on the exchange rate.
b.      Government transfers from abroad totaling about $453 million.
 
These were partly offset by:
a.       Private sector transfers totaling about $236 million.
b.      A revaluation that decreased the reserves by about $546 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  2012
-
74,040**
1,866
75,906**
 
January  2013
-
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
 
September
1,250
78,009
1,893
79,902
 
October
1,570
78,325
2,246
80,571
 
November
1,770
78,321
2,268
80,589
 
December
2,100
79,591**
2,199
81,790**
 
January  2014
2,330
81,028
2,163
83,191
 

 

 

*       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.