Foreign Exchange Reserves at the Bank of Israel, November 2020

Israel’s foreign exchange reserves at the end of November 2020 stood at $166,948 million, an increase of $6,200 million from their level at the end of the previous month. The reserves represent 41.9 percent of GDP (Figure 1).

 

The increase was the result of:

a.       Foreign exchange purchases by the Bank of Israel totaling $1,867 million.

b.      A revaluation[1] that increased the reserves by approximately $4,324 million.

c.       Private sector transfers of approximately $109 million.

 

In contrast, the increase was partly offset by government transfers to abroad totaling approximately $100 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

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

September 2020

158,700

1,884

160,584

October 2020

158,859c

1,889

160,748c

November 2020

165,034

1,914

166,948

 

 



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.​