​Israel’s foreign exchange reserves at the end of January 2016 stood at $90,483 million, a decrease of $94 million from their level at the end of the previous month.

 
The decrease was the result of:
a.       A revaluation* that decreased the reserves by about $363 million.
b.      Government transfers to abroad of about $22 million.
c.       A decrease of $9 million derived from private sector transactions.
 
These were partly offset by foreign currency purchases by the Bank of Israel totaling $300 million, all of which were bought as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.
 
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
December 2014
5,600
84,342**
1,759
86,101**
January 2015
5,860
82,959**
1,706
84,665**
February
6,105
83,675**
1,645
85,320**
March
6,640
83,445**
1,538
84,983**
April
6,640
84,145**
1,568
85,713**
May
6,890
84,214
1,550
85,764
June
7,150
86,549**
1,630
88,179**
July
7,410
86,810
1,614
88,424
August
7,670
87,370
1,628
88,998
September
7,925
87,848**
1,628
89,476**
October
8,185
87,610
1,620
89,230
November
8,185
87,231
1,591
88,822
December
8,700
88,944**
1,633
90,577**
January 2016
9,000
88,858
1,625
90,483
 
*       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.