Foreign Exchange Reserves at the Bank of Israel, March 2019

Israel’s foreign exchange reserves at the end of March 2019 stood at $118,208 million, an increase of $271 million from their level at the end of the previous month. The reserves represent 32 percent of GDP (Figure 1).

 

The increase was the result of:

a.       Government transfers from abroad totaling approximately $125 million.

b.     A revaluation[1] that increased the reserves by approximately $157 million.

 

In contrast, the increase was offset by private sector transfers of approximately $11 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

March 2018

12,447

114,609c

1,518

116,127c

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

116,216c

1,721

117,937c

March 2019

13,500

116,503

1,705

118,208

 

 

Figure 1

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

 

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[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.