The Bank of Israel published its monthly foreign exchange reserves update, reporting that reserves stood at USD 233,044 million at the end of January 2026, up USD 3,539 million from the end of the previous month. Reserves were 39.9 percent of GDP. Most of the increase reflected a revaluation of approximately USD 3,068 million, alongside government foreign exchange activities totaling approximately USD 465 million. Of the total, USD 228,362 million was held excluding the IMF and USD 4,682 million was held at the IMF, including Special Drawing Rights (SDRs), the balance of NAB loans, and Israel’s reserve tranche position.