Release by Bank of Israel / 7.11.2022
Israel’s foreign exchange reserves at the end of October 2022 stood at $188,842 million, an increase of $2,848 million from their level at the end of the previous month. The level of the reserves relative to GDP was 36.5 percent (Figure 1).
The increase was the result of:
a. A revaluation[1] that increased the reserves by approximately $2,813 million.
b. Government transfers from abroad totaling approximately $107 million.
In contrast, the increase was partly offset by private sector transfers totaling approximately $72 million.
Level of foreign exchange reserves, and their ratio to GDP, 2007–22. (c) Bank of Israel
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a 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 at the IMF.
c Updated after the original date of publication.
Source: Bank of Israel. Monthly Report from 7.11.2022 for October 2022