Foreign Exchange Reserves at the Bank of Israel, August 2020

Israel’s foreign exchange reserves at the end of August 2020 stood at $161,688 million, an increase of $4,025 million from their level at the end of the previous month. The reserves represent 40.6 percent of GDP (Figure 1).

 

The increase was the result of:

a.       Foreign exchange purchases by the Bank of Israel totaling $2,561million.

b.      A revaluation[1] that increased the reserves by approximately $1,677 million.

c.       Private sector transfers of approximately $291 million.

 

In contrast, the increase was partly offset by government transfers to abroad totaling approximately $504 million.

 

Israel's Foreign Exchange Reserves ($ million)

 

Date

Reserves excluding IMF (including reserves bought under the natural gas purchase program)

Reserves at the IMF[2]

Total Foreign Exchange Reserves

August 2019

118,134c

1,678c

119,812

September 2019

117,797c

1,672

119,469c

October 2019

119,671

1,690

121,361

November 2019

120,702

1,681

122,383

December 2019

124,253c

1,761c

126,014c

January 2020

128,234c

1,744

129,978c

February 2020

129,451c

1,725

131,176c

March 2020

124,231c

1,710

125,941c

April 2020

131,755c

1,792

133,547c

May 2020

140,650

1,863

142,513

June 2020

145,499

1,838

147,337

July 2020

155,772c

1,891

157,663c

August 2020

159,789

1,899

161,688



a Includes Bank of Israel payments and receipts in foreign currency.

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

c Updated after the original date of publication.​