The increase was the result of:
a. Foreign exchange purchases by the Bank of Israel totaling $30 million.
b. Government transfers from abroad totaling about $1,213 million.
c. A revaluation[1] that increased the reserves by approximately $1,659 million.
In contrast, the increase was offset by private sector transfers of approximately $30 million.
Israel's Foreign Exchange Reserves ($ 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 |
January 2018 |
12,000 |
116,100c |
1,522 |
117,622c |
February 2018 |
12,304 |
114,783c |
1,510c |
116,293c |
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 |
116,416 |
1,735 |
118,151 |
[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.