Foreign Exchange Reserves in the Bank of Israel, November 2014

Israel’s foreign exchange reserves at the end of November 2014 stood at $86,328 million, a decline of $88 million from their level at the end of October.

The decline was the result of:
 
a.       A decrease of $141 million derived from private sector transactions.
b.      Government transfers to abroad of about $123 million.
 
This was partially offset by:
 
a.       A revaluation* that increased the reserves by about $26 million.
b.      Foreign currency purchases by the Bank of Israel totaling $150 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.
 
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
July
4,140
85,190
1,949
87,139
August
4,725
85,700
1,928
87,628
September
4,725
84,298
1,890
86,188
October
5,005
84,531
1,885
86,416
November
5,155
84,470
1,858
86,328
 
*       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.