Israel’s foreign exchange reserves at the end
of December 2020 stood at $173,307 million, an increase of $6,360 million from
their level at the end of the previous month. The reserves represent 43.3 percent
of GDP (Figure 1).
The increase
was the result of:
a.
Foreign exchange purchases by the Bank of
Israel totaling $4,405 million.
b.
A revaluation[1] that increased
the reserves by approximately $2,284 million.
In contrast, the increase was partly offset by:
a.
Private sector transfers of approximately $78 million.
b.
Government transfers to abroad totaling
approximately $251 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date
|
Reserves excluding IMF
(including reserves bought under the natural gas purchase program)
|
Reserves at the IMF
|
Total Foreign Exchange Reserves
|
|
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
|
165,033c
|
1,914
|
166,947c
|
|
December 2020
|
171,252
|
2,055
|
173,307
|
This column includes Special Drawing Rights (SDRs), the balance of
NAB loans, and the balance of Israel's reserve tranche at the IMF.
Updated after the original date of publication.