Israel’s foreign exchange reserves increased at the end of May 2025 to $22.3626 billion, an increase of $1.599.1 billion from the end of April levels. The level of reserves against GDP at the end of May was 40.8%.
The increase was a result of a revaluation that increased reserves by approximately $2.4446 billion, offsetting government foreign exchange activities by a total of approximately $855 million.
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Israel’s foreign exchange reserve rose from $2100.5 billion at the end of May 2024 to $22.3626 billion at the end of last month, breaking its previous record forex reserve of $22.2035 billion at the end of April 2025.
Despite announcing the war at the start of the war in October 2023, the Bank of Israel, which plans to sell up to $30 billion in foreign currency to support Shekel, has sold $8.5 billion in foreign currency for the majority of October and November 2023 since the start of the war.
Published by Globes, Israel Business News – En.globes.co.il – June 8, 2025.
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