Digital Shekel (CBDC)

Central Bank Digital Currency (CBDC) is a digital means of payment that, like cash, constitutes a central bank liability toward the holder of the currency.  The Bank of Israel has not yet made a decision to issue digital currency.  Similar to leading central banks, it has decided that at this stage, a plan of action will be prepared that can be put into action in the future if conditions warrant it.  A future decision to issue a digital shekel will be based in part on an assessment that the benefit of issuing it exceeds the potential costs and risks involved in such an issuance.