Foreign exchange reserves totaled $ 122.4 billion

Foreign exchange reserves totaled $ 122.4 billion at the end of November 2019, an increase of $ 1,022 million from the end of the previous month. The balances account for 31.9 percent of gross domestic product
The increase is explained by:
* Foreign currency purchases by the Bank of Israel totaling $ 1,268 million.
Private sector transfers totaling about $ 23 million.
On the other hand, the increase was partially offset by:
* Government transfers abroad for about $ 246 million.
Revaluation of foreign currency balances in the amount of about $ 23 million.