By BANK OF ISRAEL
Office of the Spokesperson and Economic Information
Press Release
January 5, 2014
Foreign Exchange Reserves in the Bank of Israel, December 2013
Israel's foreign exchange reserves at the end ofDecember 2013stood at $81,770million, an increaseof $1,181million from their level at the end of November.
The increase was the result of:
a. Foreign currency purchases by the Bank of Israel totaling $630 million, of which $330 million were purchased as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.
b. A revaluation that increased the reserves by about $335million.
c. Private sector transfers totaling about $244 million.
These were partly offset by:
a. Government transfers to abroad totaling about $28 million.
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 |
December2011 | - | 73,052 | 1,823** | 74,875** |
January2012 | - | 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** |
January2013 | - | 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.
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