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Bank of Israel

The Bank of Israel (Hebrew: ?????? ??????????, Arabic: ?????? ??????????????) 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. The primary objective of the Bank of Israel is to maintain stability in prices and the financial system in Israel. It also administers and implements monetary policy in Israel, conducts foreign exchange operations, supervises and regulates the banking system, takes care of the foreign reserves 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. History Establishment and early years When Israel gained independence in 1948, the power of note issuance was...

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wikidata.org 0 views · 2024-12-26 22:53:08

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