Foreign Exchange Reserves at the Bank of Israel, August 2021.
ENPNewswire-September 6, 2021--Foreign Exchange Reserves at the Bank of Israel, August 2021
(C)2021 ENPublishing - http://www.enpublishing.co.uk
Release date- 05092021 - Israel's foreign exchange reserves at the end of August 2021 stood at $205,912 million, an increase of $4,217 million from their level at the end of the previous month.
The reserves represent 46.8 percent of GDP (Figure 1).
The increase was the result of:
a. Foreign exchange purchases by the Bank of Israel totaling approximately $1,641 million.
b. An allocation by the IMF4 totaling $2,613 million.
c. A revaluation[1] that increased the reserves by approximately $392 million.
In contrast, the increase was partly offset by:
a. Private sector transfers of approximately $203 million.
b. Government transfers to abroad totaling approximately $226 million.
Israel's Foreign Exchange Reserves ($ million)
Date
Reserves excluding IMF (including reserves bought under the natural gas purchase program)
Reserves at the IMF[2]
Total Foreign Exchange Reserves
August 2020
159,789
1,899
161,688
September 2020
158,700
1,884
160,584
October 2020
158,859c
1,889
160,748c
November 2020
165,033c
1,914
166,947c
December 2020
171,242c
2,055
173,297c
January 2021
177,444c
2,057
179,501c
February 2021
182,990c
2,065
185,055c
March 2021
183,664c
2,016
185,680c
April 2021
191,957c
2,043
194,000c
May 2021
196,348
2,002
198,350
June 2021
198,192
1,983
200,175
July 2021
199,709c
1,986
201,695c
August 2021
201,310
4,602d
205,912
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.
d On August 23, the International Monetary Fund allocated approximately $2.6 billion to Israel, as part of the IMF allocation to all of the organization's member countries totaling $650...
To continue reading
Request your trial