In contrast to recent years, the shekel-dollar rate is likely to hover around NIS 3.30 for the near future, according to Bank Leumi analysts.
International credit rating agencies want to see Israel form a stable government, but they won't rush to reduce the credit rating of the country leading the world in vaccinations, Hapoalim said.
A series of videos, presentations, and games on the Bank of Israel website teach teens about managing a budget, saving money, and understanding a bank account.
Interested parties can join the bank's waiting list on its website www.digibank.co.il.
By July 31, 2021, transactions at all businesses, other than exceptional cases, will only be possible via the EMV standard.
The decision is in line with the trend of other central banks around the world
Fuelled by a jump in vehicle sales ahead of a tax hike at the start of 2021 and despite a third lockdown, Israel’s economy grew an annualised 6.3% to end 2020 on a positive note.
It was the first time the economy had shrunk since a marginal decline in 2002, but Israel in 2020 outperformed a 5.5% average contraction in OECD countries.
Meanwhile, housing prices rose by 0.9%, in November- December, indicating a 4% increase in the cost of apartments over the course of 2020.
The Israeli central bank said that giving banks the option to defer loan repayments by businesses and households had "prevented the initiation of many debt restructuring procedures".