The Bank of Israel published updated data showing Israel’s foreign exchange reserves stood at USD 223,626 million at end-May 2025, up USD 1,591 million from end-April. Reserves were reported at 40.8% of GDP. Total reserves comprised USD 219,073 million in reserves excluding the International Monetary Fund (including reserves bought under the natural gas purchase program) and USD 4,553 million held at the IMF. The monthly increase was mainly driven by a revaluation gain of around USD 2,446 million, partly offset by government foreign exchange activities totalling approximately USD 855 million.