Israel’s foreign exchange reserves at the end of January 2015 stood at $84,691 million, a decline of $1,411 million from their level at the end of December 2014.

 
The decline was the result of:
a.    A revaluation* that decreased the reserves by about $1,564 million.
b.    A decrease of $254 million derived from private sector transactions.
 
These were partly offset by:
a.    Government transfers from abroad of about $147 million.
b.    Foreign currency purchases by the Bank of Israel totaling $260 million, all of which were purchased as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.
 
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***
Total
December 2013
2,100
79,591**
2,199
81,790**
January  2014
2,330
81,002**
2,163
83,165**
February 
2,680
81,956**
2,019
83,975**
March
2,975
83,552
2,018
85,570
April
3,265
84,479**
2,001
86,480**
May
3,560
84,485
1,993
86,478
June
3,850
84,845
1,968
86,813
July
4,140
85,190
1,949
87,139
August
4,725
85,700
1,928
87,628
September
4,725
84,298
1,890
86,188
October
5,005
84,531
1,885
86,416
November
5,155
84,470
1,858
86,328
December
5,600
84,343**
1,759
86,102**
January 2015
5,860
82,985
1,706
84,691
 
*      This includes Bank of Israel payments and receipts in foreign currency.
**     Updated after the original date of publication.
***   This column includes Special Drawing Rights (SDRs), the balance of NAB loans, and the balance of Israel's reserve tranche in the IMF.