Foreign Exchange Reserves in the Bank of Israel, November 2013

To view this press release as a Word document


Israel’s foreign exchange reserves at the end of November 2013 stood at $80,589 million, an increase of $18 million from their level at the end of October.

 

 
The increase was the result of:

  1.  Foreign currency purchases by the Bank of Israel totaling $200 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.

  2.  A revaluation that increased the reserves by about $83 million.

  3.  Private sector transfers totaling about $30 million.

These were partly offset by
  Government transfers to abroad totaling about $295 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*
Total
December 2011
-
73,052
1,823**
74,875**
January 2012
-
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**
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

 

 

*        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.