The Bank of Israel published its monthly update on foreign exchange reserves, reporting that reserves stood at USD 229,484 million at end-December 2025, down USD 1,941 million from end-November. Reserves were 39.4% of GDP. The monthly decline was mainly attributed to government foreign exchange activity of about USD 3,483 million, partly offset by an approximately USD 1,509 million revaluation of the reserves. The total comprised USD 224,831 million in reserves excluding the International Monetary Fund (including reserves bought under the natural gas purchase program) and USD 4,653 million held at the IMF.