The Bank of Israel plans to position the digital shekel as a "multi-purpose CBDC"
2025-03-04 16:51:34
The Bank of Israel has raised the potential involvement of a central bank digital currency (CBDC), proposing to position the digital shekel as a "multi-purpose CBDC" that can be used for both retail and wholesale, meaning that it can meet the retail needs of end users such as households and businesses, as well as the wholesale needs of financial entities. Note: The shekel is legal tender in Israel.
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