The Bank of Israel published data showing Israel’s foreign exchange reserves stood at USD 231,425 million at end-November 2025, down USD 529 million from end-October, with reserves estimated at 39.7 percent of GDP. The monthly decline was mainly driven by government foreign exchange activity of about USD 1,075 million, partly offset by a revaluation of the reserves of approximately USD 568 million. Reserves excluding the International Monetary Fund component were USD 226,794 million (including reserves bought under the natural gas purchase program), while reserves at the IMF were USD 4,631 million.