Foreign Exchange Reserves in the Bank of Israel, October 2013
Israel’s foreign exchange reserves at the end of October 2013 stood at $80,571 million, an increase of $669 million from their level at the end of September.
The increase was the result of:
- Foreign currency purchases by the Bank of Israel totaling $620 million, of which $320 million were purchased as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.
- A revaluation that increased the reserves by about $442 million.
These were partly offset by:
- Private sector transfers totaling about $179 million.
- Government transfers to abroad totaling about $214 million.
Israel's Foreign Exchange Reserves