The Bank of Israel published its monthly update showing Israel’s foreign exchange reserves at end-September 2025 stood at USD 231,880 million, up USD 1,560 million from end-August. Reserves were 41.3 percent of GDP. The month-on-month increase was mainly driven by a revaluation of approximately USD 2,353 million, partly offset by government foreign exchange activity of about USD 774 million. Total reserves comprised USD 227,246 million excluding International Monetary Fund holdings (including reserves bought under the natural gas purchase program) and USD 4,634 million held at the IMF.