Foreign Exchange Reserves in the Bank of Israel May 2014

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Israel’s foreign exchange reserves at the end of May 2014 stood at $86,478 million, a decrease of $2 million from their level at the end of April.  

The decrease was the result of:
  1. Government transfers to abroad of about $44 million.

  2. Private sector transfers totaling about $52 million.

  3. A revaluation that decreased the reserves by about $201 million.
 
These were partially offset by Foreign currency purchases by the Bank of Israel totaling $295 million, all of which were purchased as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.
 
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  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
81,002**
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
 
*       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.