In a recent speech, Bank of Israel Deputy Governor Andrew Abir expressed his support for the competition between commercial banks and the forthcoming Central Bank Digital Currency (CBDC) known as the digital shekel. Abir believes that the digital shekel has the potential to enhance competition in the financial system and benefit the economy as a whole. (Read More)
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Israeli Central Bank Official Embraces CBDC Competition with Banks for Economic Growth
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April 17, 2024
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