Bank of Israel
Central bank of Israel / From Wikipedia, the free encyclopedia
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The Bank of Israel (Hebrew: בנק ישראל, Arabic: بنك إسرائيل) is the central bank of Israel. The bank's headquarters is located in Kiryat HaMemshala in Jerusalem with a branch office in Tel Aviv. The current governor is Amir Yaron.[4]
Headquarters | Kiryat HaMemshala, Jerusalem, Israel |
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Established | 24 August 1954 (1954-08-24) |
Ownership | Government of Israel (Ministry of Finance)[1] |
Governor | Amir Yaron (2018-present) |
Central bank of | Israel |
Currency | Israeli new shekel ILS (ISO 4217) |
Reserves | US$206 billion (about ₪664 billion) (March 2022)[2] |
Bank rate | 4.5% (April 2023)[3] |
Preceded by | Bank Leumi Le-Israel |
Website | boi.org.il |
The primary objective of the Bank of Israel is to maintain price stability and the stability of the financial system in Israel.[5][6] It also administers and implements monetary policy in Israel,[7] conducts foreign exchange operations, supervises and regulates the banking system,[8] takes care of the foreign reserves[9] and operations of the financial market infrastructure. The Bank of Israel has, under Article 41 and 44 of its Statute, the exclusive right to issue Israeli Shekel banknotes and coins.[10]