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Israel’s foreign exchange reserves at the end of July 2024 stood at $213,634 million, an increase of $3,353 million from their level at the end of the previous month. The level of the reserves relative to GDP was 42 percent (Figure 1).

The increase was mainly the result of a revaluation[a] that increased the reserves by approximately $4,278 million. This increase was partly offset by the government’s foreign exchange activities totaling approximately $932 million.

 

Israel's Foreign Exchange Reserves ($ million)

 

Date

Reserves excluding IMF (including reserves bought under the natural gas purchase program)

Reserves at the IMF[b]

Total Foreign Exchange Reserves

July 2024

209,141

4,493

213,634

June 2024

205,854c

4,427

210,281c

May 2024

206,035c

4,475

210,510c

April 2024

203,656

4,453

208,109

March 2024

209,261c

4,480

213,741c

February 2024

202,326c

4,495

206,821c

January 2024

201,597

4,528

206,125

December 2023

200,090c

4,604c

204,694c

November 2023

193,590

4,579

198,169

October 2023

186,675

4,560

191,235

September 2023

194,025

4,528c

198,553c

August 2023

198,338

4,518

202,856

July 2023

200,086c

4,579

204,665c

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Figure 1

Level of foreign exchange reserves, and their ratio to GDP, 2007–2024

a Includes 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.