Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move

The Financial institution of Israel (BOI) is exploring a central financial institution digital foreign money (CBDC), a digital shekel, to modernize Israel’s fee system and drive innovation. Nevertheless, BOI Deputy Governor Andrew Abir said that the BOI is ready for a significant central financial institution, probably the European Central Financial institution (ECB), to introduce a digital foreign money earlier than continuing. This […]



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