Foreign Exchange Reserves at the Bank of Israel, September 2022

Israel’s foreign exchange reserves at the end of September 2022 stood at $185,997 million, a decrease of $6,154 million from their level at the end of the previous month. The level of the reserves relative to GDP was 36 percent (Figure 1).

 

The decrease was the result of a revaluation[1] that decreased the reserves by approximately $6,992 million.

In contrast, the decrease was partly offset by Government transfers from abroad totaling approximately $838 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

September 2022

181,722

4,275

185,997

August 2022

187,804

4,347

192,151

July 2022

193,011c

4,458

197,469c

June 2022

189,384

4,426

193,810

May 2022

195,361

4,447

199,808

April 2022

193,213

4,417

197,630

March 2022

201,619c

4,544

206,163c

February 2022

202,461c

4,587

207,048c

January 2022

204,149c

4,588

208,737c

December 2021

208,320c

4,673

212,993c

November 2021

204,152

4,618c

208,770c

October 2021

202,892

4,581

207,473

September 2021

199,430c

4,550

203,980c

 

 

 

 



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.

d On August 23, 2021, the International Monetary Fund allocated approximately $2.6 billion to Israel, as part of the IMF’s $650 billion allocation to all of the organization’s member countries. Together with this increase in reserves at the IMF, a long-term liability to the IMF—in the amount that was allocated—was added to the Bank of Israel balance sheet.​