The Bank of Israel Law, 5714–1954, section 58, obliges the Bank of Israel to draw up a
statement every month giving the composition and value of the Bank’s assets and liabilities,
and to publish it in Reshumot (the Official Gazette). Section 59 of the law obliges the Bank to
draw up and publish an annual balance sheet and profit-and-loss account within five months
from the end of the Bank’s business year on 31 December.
The functions of the Bank as determined by the Knesset (Israel’s parliament) which have a
significant financial effect on the financial statements are conducting monetary policy,
managing the foreign reserves, and providing banking services to the government.
For the annual financial statements