Foreign Exchange Reserves in the Bank of Israel, September 2013

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Israel’s foreign exchange reserves at the end of September 2013 stood at $79,902 million, an increase of $1,383 million from their level at the end of August.
 

 

The increase was the result of:

  1.  Foreign currency purchases by the Bank of Israel totaling $835 million, of which $235 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 $886 million.

 

These were partly offset by:

  1. Private sector transfers totaling about $50 million.

  2. Government transfers to abroad totaling about $288 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


*        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.