Foreign Exchange Reserves in the Bank of Israel, July 2013
Israel’s foreign exchange reserves at the end of July 2013 stood at $79,071 million, an increase of $851 million from their level at the end of June.
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Israel’s foreign exchange reserves at the end of July 2013 stood at $79,071 million, an increase of $851 million from their level at the end of June.
The increase was the result of:
- Foreign exchange purchases by the Bank of $255 million, bought under the purchase program intended to offset the effect on the exchange rate of natural gas production in Israel.
- A revaluation that increased the reserves by about $668 million.
- Government transfers from abroad totaling about $112 million
This was partly offset by private sector transfers to abroad totaling about $184 million.
Israel's Foreign Exchange Reserves
$ million
|
Reserves bought under the natural gas purchase program |
Reserves excluding IMF |
Reserves at the IMF* |
Total |
2011 |
|
|
|
|
December |
- |
73,052 |
1,823** |
74,875** |
2012 |
|
|
|
|
January |
- |
75,273** |
1,842 |
77,115** |
February |
- |
75,252 |
1,847 |
77,099 |
March |
- |
75,152 |
1.845 |
76,997 |
April |
- |
74,762 |
1,867 |
76,629 |
May |
- |
72,974 |
1,818 |
74,792 |
June |
- |
73,292 |
1,827 |
75,119 |
July |
- |
73,570 |
1,816 |
75,386 |
August |
- |
73,780 |
1,836 |
75,616 |
September |
- |
74,364 |
1,862 |
76,226 |
October |
- |
74,032 |
1,864 |
75,896 |
November |
- |
73,807 |
1,865 |
75,672 |
December |
- |
74,040** |
1,866 |
75,906** |
2013 |
|
|
|
|
January |
- |
76,534** |
1,879 |
78,413** |
February |
- |
75,429 |
1,846 |
77,275 |
March |
- |
75,142 |
1,825 |
76,967 |
April |
- |
75,327 |
1,819 |
77,146 |
May |
230 |
75,832 |
1,818 |
77,650 |
June |
470 |
76,390 |
1,830 |
78,220 |
July |
725 |
77,202 |
1,869 |
79,071 |
* This column includes Special Drawing Rights (SDRs), the balance of NAB loans, and the balance of Israel's reserve tranche in the IMF.
** Updated after the original date of publication.