Foreign Exchange Reserves in the Bank of Israel, March 2014

To view this press release as a Word document

Israel’s foreign exchange reserves at the end of March 2014 stood at $85,570 million, an increase of $1,594 million from their level at the end of February.

The increase was the result of:

  1. Foreign currency purchases by the Bank of Israel totaling $895 million, of which $295 million 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 $120 million.
  3. Government transfers from abroad of about $476 million.
  4. Private sector transfers totaling about $103 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  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
81,957
2,019
83,976
March
2,975
83,552
2,018
85,570

 

 

*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.