Bank of Israel
The Bank of Israel (Hebrew: בנק ישראל, Arabic: بنك إسرائيل) 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.
| Headquarters | Kiryat HaMemshala, Jerusalem, Israel |
|---|---|
| Established | 24 August 1954 |
| Ownership | Government of Israel (Ministry of Finance) |
| Governor | Amir Yaron (2018-present) |
| Central bank of | Israel |
| Currency | Israeli new shekel ILS (ISO 4217) |
| Reserves | US$206 billion (about ₪664 billion) (March 2022) |
| Bank rate | 4.5% (April 2023) |
| Preceded by | Bank Leumi Le-Israel |
| Website | boi.org.il |
The primary objective of the Bank of Israel is to maintain price stability and the stability of 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.
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