The Bank of Israel reported that Israel's foreign exchange reserves stood at USD 238,681 million at the end of May 2026, up USD 2,953 million from the end of April. The reserves-to-GDP ratio was 37.2 percent. The increase mainly reflected a revaluation effect that added about USD 2,685 million and foreign exchange purchases of USD 801 million carried out in May to maintain the orderly functioning of the markets. These gains were partly offset by the government's foreign exchange activity, which reduced reserves by about USD 721 million.