Foreign Exchange Reserves at the Bank of Israel, February 2019


To Figure 1Level of foreign exchange reserves, and their ratio to GDP, 2007–19.​ 

(in Hebrew)

Israel’s foreign exchange reserves at the end of February 2019 stood at $117,947 million, a decrease of $207 from their level at the end of the previous month. The reserves represent 31.9 percent of GDP (Figure 1).

 

The decrease was the result of government transfers to abroad totaling approximately $684 million.

 

In contrast, the decrease was offset by:

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

b.Private sector transfers of approximately $31 million.

c.A revaluation[a] that increased the reserves by approximately $444 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[b]

Total Foreign Exchange Reserves

 

February 2018

12,304

114,783c

1,510c

116,293c

March 2018

12,447

114,609c

1,518

116,127c

April 2018

12,471

113,872

1,482

115,354

May 2018

12,625

113,239

1,461

114,700

June 2018

12,750

113,340c

1,492

114,832c

July 2018

12,750

114,292

1,490

115,782

August 2018

12,923

114,520

1,485

116,005

September 2018

12,939

113,980c

1,478

115,458c

October 2018

13,056

112,446

1,465

113,911

November 2018

13,274

113,405

1,651

115,056

December 2018

13,500

113,525c

1,754c

115,279

January 2019

13,500

116,419c

1,735

118,154c

February 2019

13,500

116,226

1,721

117,947

 

 



[a] This 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.​