Israel’s foreign exchange reserves at the end
of April 2017 stood at $105,139 million, an increase of $1,968 million from
their level at the end of the previous month. The reserves represent 33 percent
of GDP (Figure 1).
The increase was the result of:
a.
Foreign currency purchases by the Bank of
Israel totaling $900 million, of which $250 million were purchased as part of the purchase program intended to
offset the effects of natural gas production on the exchange rate.
b. A
revaluation that increased the reserves by about
$1,028 million.
c.
Government transfers from abroad totaling about
$45 million.
The increase was offset by private sector transfers of about $5 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
|
Total Foreign Exchange Reserves
|
|
April 2016
|
9,300
|
94,378c
|
1,306
|
95,684c
|
|
May 2016
|
9,600
|
95,170
|
1,293
|
96,463
|
|
June 2016
|
9,600
|
95,594
|
1,041
|
96,635
|
|
July 2016
|
9,900
|
96,356
|
1,037
|
97,393
|
|
August 2016
|
9,900
|
96,588
|
1,038
|
97,626
|
|
September 2016
|
9,900
|
97,380c
|
1,049
|
98,429c
|
|
October 2016
|
10,200
|
96,931
|
1,032
|
97,963
|
|
November 2016
|
10,200
|
95,948
|
1,179
|
97,127
|
|
December 2016
|
10,500
|
97,275c
|
1,172c
|
98,447c
|
|
January 2017
|
10,500
|
100,428c
|
1,183
|
101,611c
|
|
February 2017
|
10,750
|
100,841 c
|
1,179
|
102,020c
|
|
March 2017
|
10,750
|
101,989c
|
1,182
|
103,171c
|
|
April 2017
|
11,000
|
103,946
|
1,193
|
105,139
|
Figure 1
Level of
foreign exchange reserves, and their ratio to GDP, 2007–17
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.