Israel’s foreign exchange reserves at the end of May 2016 stood at $96,463 million, an increase of $779 million from their level at the end of the previous month.
 
The increase was the result of:
Foreign currency purchases by the Bank of Israel totaling $1,225 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.
 
These were partly offset by:
a.       Government transfers to abroad of about $57 million.
b.      A decrease of about $57 million derived from private sector transactions.
a.       A revaluation[a] that decreased the reserves by about $332 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
May 2015
6,890
84,214
1,550
85,764
June 2015
7,150
86,549[c]
1,630
88,179c
July 2015
7,410
86,810
1,614
88,424
August 2015
7,670
87,370
1,628
88,998
September 2015
7,925
87,848c
1,628
89,476c
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
 

[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.