July 20, 2024

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

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Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency Move
Israel’s Digital Shekel Plans Hinge on ECB’s Digital Currency MoveThe Bank of Israel (BOI) is exploring a central bank digital currency (CBDC), a digital shekel, to modernize Israel’s payment system and drive innovation. However, BOI Deputy Governor Andrew Abir stated that the BOI is waiting for a major central bank, likely the European Central Bank (ECB), to introduce a digital currency before proceeding. This […]