Bank of Israel remains unsure of CBDC even amid public support
The public said that a digital shekel would reduce reliance on cash and advance the fintech industry, but the BOI has still not decided whether it will issue the CBDC.
Latest digital shekel News
Israel is stepping up CBDC efforts, central bank governor says
Governor Amir Yaron considers central bank digital currencies are the future of finance and will give central banks an effective monetary policy tool as the payments paradigm shifts.
Bank of Israel official confirms digital shekel plans
Andrew Abir said the bank had begun piloting the digital currency, though was keen to downplay suggestions that a wider launch was imminent.
Israel moves forward with plans for central bank digital currency
The Bank of Israel is reported to be working alongside other central banks to prepare for an eventual launch, though has yet to commit to formally introducing a digital shekel.