Bank of Israel Testing Digital Shekel
A digital Shekel (digital currency) is being tested by the Bank of Israel. BOI Deputy Governor Andrew Abir revealed during a talk at the Fair Value Forum of IDC Herzliya that a pilot program has been underway. More...
Bank of Israel Governor Karnit Flug will not seek second term
Bank of Israel Governor Dr. Karnit Flug spoke with Prime Minister Binyamin Netanyahu and informed him that she has decided not to stand as a candidate for an additional term as Governor of the Bank of Israel. Dr. More...
Bank of Israel: Investment of Israel’s Foreign Exchange Reserves in 2015 hit new record
The annual report on the investment of Israel’s foreign exchange reserves for 2015 was published today. Following are the main points in the report: Israel’s foreign exchange More...
BANK OF ISRAEL: Nonresidents’ investments in Israel, and Israelis’ investments abroad in December 2015
Financial investments in Israel: Bonds and makam traded in Tel Aviv: In December 2015, nonresidents invested about $310 million, net, in makam, in contrast to net realizations in October and November More...
Bank of Israel study: Tax benefits for outlying areas ineffective
The tax benefits granted by the state to communities in outlying areas are ineffective and unsuccessful in convincing people to move to those areas, according to a new Bank of Israel study. The Knesset More...
Israel Debt Risk Rises Most in 14 Months as Violence Increases
The deteriorating security situation in Israel and the impact it may have on economic growth has led to the second-biggest surge in credit risk this month among developed nations. Israel’s credit-default swaps, More...
Bank of Israel slams tax cuts
Bank of Israel governor Karnit Flug opposed the tax Reductions. “surplus tax receipts should be used to reduce public debt, not to stimulate private consumption.”, she announced. Read More...
Bloomberg: Shekel Is World’s Worst Currency
– – Bloomberg declared the Israeli Shekel to be the “World’s Worst Currency” after it went on an up and down ride last week. The Shekel had appreciated by 2.1% against the Dollar More...
Israeli banks restricting foreign customers who won’t waive secrecy
In recent years, banks in Israel and abroad have raised their levels of vigilance in relation to overseas customers, following tighter regulation in this area, designed particularly to combat tax More...
Israel home prices up 97.3% since 2007
Home prices in Israel rose by an average of 9.6% a year between 2007 and 2014, according to figures presented by Bank of Israel Deputy Governor Dr. Nadine Baudot-Trajtenberg at Tel-Hai College. She More...