Bank of Israel

Israel's central bank
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Israelis spent a record amount on credit cards in June

Total transactions for the month reached NIS 34.7 billion, an increase of 18.3% compared to a year earlier • most transactions made in Israel are now contactless

12/07/2021

Bank of Israel holds benchmark interest rate at 0.1%

A rapid COVID-19 vaccination rollout has led to a rapid economic rebound with the country almost fully open.

By REUTERS
05/07/2021

New NIS 5 coin design thanks healthcare workers on COVID frontlines

The Bank of Israel intends to issue several millions of special edition coins to be distributed to the public through banks and the Israel Postal Company.

02/07/2021

Israel needs to raise taxes, ex-Bank of Israel governor says

Flug: Certain special-interest tax exemptions that serve no economic purpose should also be eliminated.

29/06/2021
Israel develops new 'bitcoin' currency (Illustrative)

Israel has already tested a digital shekel cryptocurrency

The concept of issuing such a currency has been in discussion since 2017, but it decided to accelerate its research and preparation for the potential issuance.

21/06/2021

Tel Aviv's penthouses prices are already in the clouds

Data from the Bank of Israel for the first quarter of 2021 shows that the rise in house prices is at an annual rate of about 10 percent.

By LEE ZIV
07/06/2021

Does globalization bring the world closer or farther apart?

On Thursday, May 27, the Boris Mints Institute at Tel Aviv University presented a special webinar, ‘The Challenges of Globalization – Where Do We Go from Here?’

The Bank of Israel building is seen in Jerusalem June 16, 2020.

Bank of Israel keeps benchmark interest rate at 0.1%

Israel’s inflation rate moved to 0.8% in April from 0.2% in March, just below the government’s 1-3% annual target range.

By REUTERS
31/05/2021

Israel’s COVID-19 pandemic economic report card: B+

Israel’s effective vaccination program has enabled it to emerge more quickly than the US and Europe from COVID-19 lockdowns and restart the economy.

By SHLOMO MAITAL
12/05/2021
A man enters the main branch of Bank Hapoalim, Israel's biggest bank, in Tel Aviv

Israel's banks: A guide to the changes in the system

Here are nine key explanations that can help you understand the changes in the Israeli banking system, and what drove these changes.

By KALMAN WALKER
20/04/2021
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