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Israel’s foreign exchange reserves at the end of July 2014 stood at $87,139 million, an increase of $326 million from their level at the end of June.
The increase was the result of: Foreign currency purchases by the Bank of Israel totaling $1,390 million, of which $290 million were purchased as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.
This was partially offset by:
a. Government transfers to abroad of about $236 million.
b. Private sector transfers totaling about $74 million.
c. A revaluation* that decreased the reserves by about $754 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 2012 |
- |
74,040** |
1,866 |
75,906** |
January 2013 |
- |
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 |
August |
1,015 |
76,650 |
1,869 |
78,519 |
September |
1,250 |
78,009 |
1,893 |
79,902 |
October |
1,570 |
78,325 |
2,246 |
80,571 |
November |
1,770 |
78,321 |
2,268 |
80,589 |
December |
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 |
* 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.