Digital Shekel (CBDC)
Central Bank Digital Currency (CBDC) is a digital means of payment that 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 been 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.
Publications
- Logical architecture for a digital shekel system 11.3.2024
- Potential Scenarios for Deciding to Issue a Digital Shekel 17.04.2023
- Digital shekel project – Technological experiment on a distributed platform, 19.6.2022
- The Bank of Israel publishes the main points of the public’s response to the consultation concerning a potential digital shekel, 9.5.2022
- The potential effects on the Israeli banking system of issuing a digital shekel, 2.3.2022
- The Bank of Israel Steering Committee on the Potential Issuance of a Digital Shekel publishes a report to the public 11.5.2021
- The Bank of Israel published a summary of the work of the team to examine central bank digital currency (CBDC), 6.11.2018
- Principles for creating “Acceptance” and “Network Effect” for a Digital Shekel 7.6.23
Press releases about technological projects with international cooperation:
- Central banks of Israel, Norway and Sweden team up with the BIS to explore retail CBDC for international payments , 28.9.2022
- BIS Innovation Hub, Bank of Israel and Hong Kong Monetary Authority will cooperate to test retail CBDC, 16.6.2022
- Project Icebreaker concludes experiment for a new architecture for cross-border retail CBDCs 06.03.2023
- Project Sela demonstrates that retail CBDC can support access, cyber security and competition, while retaining cash features 12.09.23
- The Bank of Israel held an international conference today marking the publication of the Project "Sela" project 12.09.23
Presentations
Yoav Soffer, CBDC project manager, about "The future of Central Bank Digital Currencies"
Sela project launch conference - part 1
Sela project launch conference - part 2
Session on digital currencies in central banks, Payment systems conference
Invited Talk: Technology and Policy for Privacy of CBDC, Yoav Soffer (Bank of Israel) 11/2022
Sela project trailer