Foreign Exchange Reserves at the Bank of Israel, April 2019

Israel’s foreign exchange reserves at the end of April 2019 stood at $118,743 million, an increase of $524 million from their level at the end of the previous month. The reserves represent 32.2 percent of GDP (Figure 1).

 

The increase was the result of:

a.       A revaluation[1] that increased the reserves by approximately $695 million.

b.      Private sector transfers of approximately $4 million

 

In contrast, the increase was offset by government transfers to abroad totaling approximately $175 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[2]

Total Foreign Exchange Reserves

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

116,418c

1,735

118,153c

February 2019

13,500

116,218c

1,721

117,939c

March 2019

13,500

116,514c

1,705

118,219c

April 2019

13,500

117,044

1,699

118,743

 

 

Figure 1

Level of foreign exchange reserves, and their ratio to GDP, 2007–19

 7519e.png



[1] This includes Bank of Israel payments and receipts in foreign currency.

[2] 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.