Lyudinovo

Main Menu

  • Home
  • Russian hotel
  • Russian restaurant
  • Russian currency
  • Russian economy
  • Russian budget

Lyudinovo

Lyudinovo

  • Home
  • Russian hotel
  • Russian restaurant
  • Russian currency
  • Russian economy
  • Russian budget
Russian currency
Home›Russian currency›Bank of Israel speeds up digital currency governor’s preparations

Bank of Israel speeds up digital currency governor’s preparations

By Lawrence C. Saleh
November 29, 2021
0
0

The Bank of Israel building is seen in Jerusalem June 16, 2020. REUTERS/Ronen Zvulun/File Photo

Join now for FREE unlimited access to Reuters.com

Register

JERUSALEM, Nov 29 (Reuters) – Israel’s central bank is stepping up studies, research and preparations for the possible issuance of a digital shekel aimed at creating a more efficient payment system, the governor said on Monday. of the Bank of Israel, Amir Yaron.

Yaron told a conference that the bank, like other central banks, had not yet decided whether it would issue digital currency and was still considering the matter. “We are committed to being at the forefront of economic and technological knowledge in this area,” he said.

The Bank of Israel began considering the possibility of issuing a central bank digital currency (CBDC) in late 2017, but a year later a team set up to study the matter recommended against issuing CBDCs in a near future.

Join now for FREE unlimited access to Reuters.com

Register

In May, the central bank said it was considering issuing a digital shekel again.

As payment methods unrelated to the central bank’s monetary base expand, the central bank’s ability to navigate monetary policy could be impaired, Yaron said.

“Therefore, central banks have a unique role to play in preventing fragmentation and ensuring that the payment system becomes even more uniform and efficient. One way to do this is through the CBDC,” he said. declared.

Join now for FREE unlimited access to Reuters.com

Register

Reporting by Steven Scheer Editing by Ari Rabinovitch

Our standards: The Thomson Reuters Trust Principles.


Source link

Related posts:

  1. World Cup, the Russian currency slows down Seychellois tourism; Germany, France, Italy are bright spots
  2. Commodities to push Russian currency higher in 2021, Saxo Bank predicts – RT Business News
  3. Credit Suisse expects Russian currency to strengthen to 65-70 rubles against USD in 2021 – Business & Economy
  4. The share of remittances in Russian currencies is growing rapidly
Tagscentral bankdigital currencyreuters truststandards thomsonthomson reuters
Previous Article

Clinton Restaurant Employee Gets State Recognition

Next Article

Ritz-Carlton Debuts in Famous “Ice City” in ...

  • Privacy Policy
  • Terms and Conditions