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
A rapid COVID-19 vaccination rollout has led to a rapid economic rebound with the country almost fully open.
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.
Flug: Certain special-interest tax exemptions that serve no economic purpose should also be eliminated.
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.
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.
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?’
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.
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.
Here are nine key explanations that can help you understand the changes in the Israeli banking system, and what drove these changes.