The Bank of Israel publishes the main points of the public’s response to the consultation concerning a potential digital shekel
The Bank of Israel publishes the main points of the public’s response to the consultation concerning a potential digital shekel
09/05/2022
In conjunction with the publication of the document entitled “A Bank of
Israel Digital Shekel: Potential Benefits, Draft Model, and Issues to Examine” in May 2021,
the Bank of Israel published a public consultation with the aim of obtaining
responses from various parties relating to relevant issues surrounding the
potential issuance of a digital shekel, and creating public discourse on the
matter. The public consultation invited
the public to respond to a number of aspects, including the benefits and
motivations in the potential issuance of a Bank of Israel digital currency, a
draft model outlined by the Steering Committee, issues that the Committee has
examined, and additional relevant issues.
A variety of in-depth responses were received from various sectors,
including financial entities, technology and fintech companies, government
bodies, people from academia, and more.
The Bank of Israel compiled the main points of the responses into a
uniform document detailing the respondents’ positions on a number of topics:
inclusion of the private sector; issues from the world of payments; the digital
shekel’s effect on monetary and financial stability, technological aspects, and
legal issues including aspects of privacy.