The increase was the result of:
a. Foreign exchange purchases by the Bank of Israel totaling $4,405 million.
b. A revaluation[1] that increased the reserves by approximately $2,284 million.
In contrast, the increase was partly offset by:
a. Private sector transfers of approximately $78 million.
b. Government transfers to abroad totaling approximately $251 million.
Israel's Foreign Exchange Reserves ($ million)
Date | Reserves excluding IMF (including reserves bought under the natural gas purchase program) | Reserves at the IMF[2] | Total Foreign Exchange Reserves |
December 2019 | 124,253c | 1,761c | 126,014c |
January 2020 | 128,234c | 1,744 | 129,978c |
February 2020 | 129,451c | 1,725 | 131,176c |
March 2020 | 124,231c | 1,710 | 125,941c |
April 2020 | 131,755c | 1,792 | 133,547c |
May 2020 | 140,650 | 1,863 | 142,513 |
June 2020 | 145,499 | 1,838 | 147,337 |
July 2020 | 155,772c | 1,891 | 157,663c |
August 2020 | 159,789 | 1,899 | 161,688 |
September 2020 | 158,700 | 1,884 | 160,584 |
October 2020 | 158,859c | 1,889 | 160,748c |
November 2020 | 165,033c | 1,914 | 166,947c |
December 2020 | 171,252 | 2,055 | 173,307 |
aIncludes Bank of Israel payments and receipts in foreign currency.
bThis column includes Special Drawing Rights (SDRs), the balance of NAB loans, and the balance of Israel's reserve tranche at the IMF.
cUpdated after the original date of publication.
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Bank of Israel published this content on 07 January 2021 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 07 January 2021 11:37:06 UTC