The Bank of Israel published its monthly update on foreign exchange reserves, showing that reserves stood at USD 226,768 million at end-July 2025, down USD 1,481 million from end-June. Reserves were equivalent to 41.4% of GDP. The decrease was mainly attributed to a revaluation of the reserves of around USD 1,170 million, alongside foreign exchange activity by the government of about USD 208 million. The end-July total comprised USD 222,157 million in reserves excluding the International Monetary Fund and USD 4,611 million held at the IMF.