Press release published by the Bank of Israel show that Israel’s foreign exchange reserves at the end of December 2013 stood at US$81,770 million, an increase of US$1,181million from their level at the end of November.
The increase was the result of:
1. Foreign currency purchases by the Bank of Israel totaling US$630 million, of which US$330 million were purchased as part of the purchase program intended to offset the effects of natural gas production on the exchange rate.
2. A revaluation that increased the reserves by about US$335million.
3. Private sector transfers totaling about US$244 million.
These were partly offset by Government transfers to abroad totaling about US$28 million.