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Bank of Israel accelerating CBDC development, but there is no end date
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Bank of Israel has been picking up pace as the whole world rushes to the adopt central bank digital currencies [CBDCs]. As per reports, it is accelerating its study, research, and preparations for the possible issuance of its digital shekel.
Its objective is creating a more efficient payments system. However, the governor of the Bank of Israel has clarified that like many other central banks, it has not yet made a final decision over its issuance. Amir Yaron noted that the Bank of Israel is still examining the issues. He stated,
“We are committed to being at the forefront of economic and technological knowledge in this field.”
Although the country’s central bank had surrendered the idea of issuing a CBDC back in 2017, it is ready to re-visit
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