Foreign Exchange Reserves in the Bank of Israel May 2013

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Israel’s foreign exchange reserves at the end of May 2013 stood at $77,650 million, an increase of $504 million from their level at the end of April.

 

The increase was the result of:

a.    Foreign exchange purchases by the Bank of $950 million, of which $250 million was bought under the purchase program, intended to offset the effect on the exchange rate of natural gas production in Israel.

b.    An increase of $111 million derived from private sector transactions.

 

This was partly offset by:

a.    Government transfers to abroad of $414 million.

b.    A revaluation that decreased the reserves by about $143 million.

 

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*        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.