The decrease was the result of:
a. A revaluation[1] that decreased the reserves by approximately $771 million.
b. Private sector transfers of approximately $7 million
In contrast, the decrease was offset by:
a. Government transfers from abroad totaling approximately $109 million.
b. Foreign exchange purchases by the Bank of Israel totaling $50 million.
Israel's Foreign Exchange Reserves
($ million)
|
Date |
Reserves excluding IMF (including reserves bought under the natural gas purchase program) |
Reserves at the IMF[2] |
Total Foreign Exchange reserves |
|
May 2018 |
113,239 |
1,461 |
114,700 |
|
June 2018 |
113,340c |
1,492 |
114,832c |
|
July 2018 |
114,292 |
1,490 |
115,782 |
|
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 |
Figure 1
Level of foreign exchange reserves, and their ratio to GDP, 2007–19
[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.