Bank of Israel Archives

Bank of Israel

2 August, 2024

Israel announces first batch of digital shekel challenge participants

Israel’s central bank announced the digital shekel challenge in May, and it has now picked COTI, Fireblocks, PayPal and 11...

Finance

Gavin Lucas

16 July, 2024

Israel postpones CBDC launch

After successful pilots and collaboration with the Bank of International Settlements, BOI Deputy Governor Andrew Abir said it was waiting...

Israel’s digital shekel challenge targets innovative CBDC applications

Finance

Steve Kaaru

6 June, 2024

Israel’s digital shekel challenge targets innovative CBDC applications

The Bank of Israel launched the challenge to explore the feasibility of issuing a digital shekel, inspired by the Bank...

Digital shekel will compete with banks for deposits, payments: Bank of Israel

Business

Steve Kaaru

22 April, 2024

Digital shekel will compete with banks for deposits, payments: Bank of Israel

A digital shekel will force commercial lenders to up their game and offer better and cheaper services, according to the...

Israel proposes for digital shekel to bear interest

Business

Steve Kaaru

15 March, 2024

Israel proposes for digital shekel to bear interest

The Bank of Israel published a CBDC paper, which outlines a system in which CBDC wallets aren’t linked to banks...

BIS partners with Israel, Hong Kong for retail CBDC experiment

Business

Wahid Pessarlay

17 September, 2023

BIS partners with Israel, Hong Kong for retail CBDC experiment

The Bank for International Settlements has announced a successful CBDC proof of concept—Project Sela—prioritizing inclusivity and privacy, poised to revolutionize...

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Steve Kaaru

21 Nov 2024

Bank of Israel

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