Foreign Exchange Reserves in the Bank of Israel, June 2014

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Israel’s foreign exchange reserves at the end of June 2014 stood at $86,813 million, an increase of $335 million from their level at the end of May.

The increase was the result of:

  1. Foreign currency purchases by the Bank of Israel totaling $290 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 $269 million.
  3. Private sector transfers totaling about $98 million.

These were partially offset by Government transfers to abroad of about $322 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
81,956**
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
June
3,850
84,845
1,968
86,813

*       This includes Bank of Israel payments and receipts in foreign currency.

**     Updated after the original date of publication.

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