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Israel’s foreign exchange reserves at the end of November 2025 stood at $231,425 million, adecline of $529 million from their level at the end of the previous month. The level of the reserves relative to GDP was 39.7 percent (Figure 1).
The decline was mainly explained by foreign exchange activity by the government totaling about $1,075 million. This decline was partly offset by a revaluation[1] of the reserves totaling approximately $568 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[2] |
Total Foreign Exchange Reserves |
|
November 2025 |
226,794 |
4,631 |
231,425 |
|
October 2025 |
227,295 |
4,659 |
231,954 |
|
September 2025 |
227,246 |
4,634 |
231,880 |
|
August 2025 |
225,694c |
4,626 |
230,320c |
|
July 2025 |
222,157 |
4,611 |
226,768 |
|
June 2025 |
223,651 |
4,599 |
228,250 |
|
May 2025 |
219,086c |
4,553 |
223,639c |
|
April 2025 |
217,489 |
4,546 |
222,035 |
|
March 2025 |
214,394c |
4,416 |
218,810c |
|
February 2025 |
215,898c |
4,356 |
220,254c |
|
January 2025 |
211,710c |
4,358 |
216,068c |
|
December 2024 |
210,170c |
4,400c |
214,570c |
|
November 2024 |
212,684 |
4,416 |
217,100 |
Figure 1
Level of foreign exchange reserves, and their ratio to GDP, 2008–2025
[1] Including 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.