​Israel’s foreign exchange reserves at the end of October 2016 stood at $97,963 million, a decrease of $466 million from their level at the end of the previous month.

 
The decrease was the result of:
a.       A revaluation[a] that decreased the reserves by about $923 million.
 
These were partly offset by
a.       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.
b.      Government transfers from abroad totaling about $141 million
c.       Private sector transfers totaling about $16 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[b]
Total Foreign Exchange Reserves
October 2015
8,185
87,610
1,620
89,230
November 2015
8,185
87,231
1,591
88,822
December 2015
8,700
88,942c
1,633
90,575c
January 2016
9,000
88,862c
1,625
90,487c
February 2016
9,000
89,341
1,278
90,619c
March 2016
9,300
93,476
1,304
94,780c
April 2016
9,300
94,378c
1,306
95,684c
May 2016
9,600
95,170
1,293
96,463
June 2016
9,600
95,594
1,041
96,635
July 2016
9,900
96,356
1,037
97,393
August 2016
9,900
96,588
1,038
97,626
September 2016
9,900
97,380c
1,049
98,429c
October 2016
10,200
96,931
1,032
97,963
 

[a] This includes Bank of Israel payments and receipts in foreign currency.
[b] This column includes Special Drawing Rights (SDRs), the balance of NAB loans, and the balance of Israel’s reserve tranche in the IMF.
c Updated after the original date of publication.