Exclusive: Bank of Israel waiting for digital euro ahead of digital shekel launch

The Bank of Israel (BOI) remains committed to plans for a digital shekel currency to improve Israel’s payments system and foster innovation, but is unlikely to launch one ahead of other advanced economies.

“We’re all waiting for the first western central bank to pull the trigger, which is almost certainly going to be the ECB. And then you may see a rush of countries going forward with it,” Bank of Israel Deputy Governor Andrew Abir told Reuters.