Israel’s foreign exchange reserves at the end of March 2016 stood at $94,775 million, an increase of $4,156 million from their level at the end of the previous month.

 
The increase was the result of:
a.   Foreign currency purchases by the Bank of Israel totaling $700 million, of which $300 million were bought 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 $1,885 million.
c.   Government transfers from abroad of about $1,505 million.
d.    An increase of about $66 million derived from private sector transactions.
 
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
2015
 
 
 
 
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
88,942**
1,633
90,575**
January 2016
9,000
88,862**
1,625
90,487**
February
9,000
89,341**
1,278
90,619**
March
9,300
93,471
1,304
94,775
 
 
*       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.