Newsletter
Newsletter Support JNS

Israel forex reserves hit record $232 billion

Foreign exchange reserves up $74 million from September and nearly $16 billion year-on-year, Bank of Israel figures show.

Illustration of American 100 dollar bills and 20 pounds bills in Jerusalem, May 19, 2025. Photo by Nati Shohat/Flash90.
Illustration of American 100 dollar bills and 20 pounds bills in Jerusalem, May 19, 2025. Photo by Nati Shohat/Flash90.

Israel’s foreign exchange reserves reached a new record of $231.95 billion at the end of October, rising by $74 million from the previous month and $15.88 billion from October 2024, the Bank of Israel announced on Sunday.

The increase stemmed mainly from a $607 million revaluation, partially offset by $550 million in government foreign exchange activities.

Reserves were equal to 41.3% of Israel’s GDP as of July, according to Israeli business daily Globes.

The central bank has sold only $8.5 billion in foreign currency to support the shekel since announcing a $30 billion intervention plan at the start of the Gaza war in October 2023. Most the foreign currency was sold in October and November 2023.

Jewish News Syndicate (JNS) is the fastest-growing news agency covering Israel and the Jewish world. We provide news briefs features opinions and analysis to 100 print newspapers and digital publications on a daily basis.
IRGC Corps Quds Force commander Esmail Ghaani praised the “intelligent and courageous” attacks on Israel by Hezbollah and the Houthis.
Around 400 munitions were dropped in a “large wave of strikes” across the country.
U.S. President Donald Trump shared footage of the explosion to Truth Social.
Rescue teams pulled a mother and her two children from a partially collapsed residential building after a fragment fell on the roof.
Surviving leaders are reportedly struggling to communicate or meet in person out of fear of more targeted airstrikes.
The assassination of Ali Larijani has shaken the regime’s centers of power and faced Mojtaba Khamenei with a critical test.