The decline was the result of:
a. A revaluation[1] that lowered the reserves by approximately $15 million.
b. Private sector transfers of approximately $3 million.
c. Government transfers to abroad totaling approximately $155 million.
In contrast, the decline was partly offset by foreign exchange purchases by the Bank of Israel totaling $2 million.
Israel's Foreign Exchange Reserves ($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[2] |
Total Foreign Exchange Reserves |
|
August 2018 |
114,520 |
1,485 |
116,005 |
|
September 2018 |
113,980c |
1,478 |
115,458c |
|
October 2018 |
112,446 |
1,465 |
113,911 |
|
November 2018 |
113,405 |
1,651 |
115,056 |
|
December 2018 |
113,525c |
1,754c |
115,279 |
|
January 2019 |
116,418c |
1,735 |
118,153c |
|
February 2019 |
116,218c |
1,721 |
117,939c |
|
March 2019 |
116,514c |
1,705 |
118,219c |
|
April 2019 |
117,044 |
1,699 |
118,743 |
|
May 2019 |
116,485 |
1,639 |
118,124 |
|
June 2019 |
118,460 |
1,648 |
120,108 |
|
July 2019 |
118,309 |
1,685 |
119,994 |
|
August 2019 |
118,147 |
1,676 |
119,823 |
Figure 1
Level of foreign exchange reserves, and their ratio to GDP, 2007–19
Graph and data[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.