Foreign Exchange Reserves at the Bank of Israel, September 2021

Israel’s foreign exchange reserves at the end of September 2021 stood at $203,990 million, a decrease of $1,917 million from their level at the end of the previous month. The reserves represent 46.3 percent of GDP (Figure 1).

 

The decrease was the result of a revaluation[1] that decreased the reserves by approximately $3,210 million.

 

In contrast, the decrease was partly offset by:

a.       Foreign exchange purchases by the Bank of Israel totaling approximately $1,005 million.

b.      Private sector transfers of approximately $138 million.

c.       Government transfers from abroad totaling approximately $150 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 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

171,242c

2,055

173,297c

January 2021

177,444c

2,057

179,501c

February 2021

182,990c

2,065

185,055c

March 2021

183,664c

2,016

185,680c

April 2021

191,957c

2,043

194,000c

May 2021

196,348

2,002

198,350

June 2021

198,192

1,983

200,175

July 2021

199,709c

1,986

201,695c

August 2021

201,305 c

4,602d

205,907 c

September 2021

199,440

4,550

203,990

 

 



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

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