Bank of Israel

Bank of Israel
בנק ישראל‎ (Hebrew)
بنك إسرائيل (Arabic)
HeadquartersKiryat HaMemshala, Jerusalem, Israel
Established24 August 1954 (1954-08-24)
OwnershipGovernment of Israel (Ministry of Finance)[1]
GovernorAmir Yaron (2018-present)
Central bank of Israel
CurrencyIsraeli new shekel
ILS (ISO 4217)
ReservesUS$206 billion
(about ₪664 billion) (March 2022)[2]
Bank rate4.5% (April 2023)[3]
Preceded byBank Leumi Le-Israel
Websiteboi.org.il
Bank of Israel headquarters in Jerusalem, 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.[4]

The primary objective of the Bank of Israel is to maintain stability in prices and the financial system in Israel.[5][6] It also administers and implements monetary policy in Israel,[7] conducts foreign exchange operations, supervises and regulates the banking system,[8] takes care of the foreign reserves[9] 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.[10]

  1. ^ Weidner, Jan (2017). "The Organisation and Structure of Central Banks" (PDF). Katalog der Deutschen Nationalbibliothek.
  2. ^ "Israel Adds Yuan to $206 Billion Reserves in 'Philosophy' Change". Bloomberg.com. 20 April 2022. Retrieved 21 April 2022.
  3. ^ Katz, Aharon (3 April 2023). "Bank of Israel hikes interest rate to 4.5%". en.globes.co.il.
  4. ^ 'Karnit Flug named Bank of Israel governor', OCTOBER 20, 2013
  5. ^ "תמיכה בפעילותם הסדירה וביציבותם של השווקים הפיננסיים" (in Hebrew). Retrieved 27 November 2018.
  6. ^ "חוק בנק ישראל, התש"ע-2010" (PDF) (in Hebrew). Retrieved 27 November 2018.
  7. ^ "ניהול המדיניות המוניטרית" (in Hebrew). Retrieved 27 November 2018.
  8. ^ "פיקוח והסדרה של מערכת הבנקאות" (in Hebrew). Retrieved 27 November 2018.
  9. ^ "החזקת יתרות מטבע החוץ של המדינה וניהולן" (in Hebrew). Retrieved 27 November 2018.
  10. ^ "הנפקת מטבע, והסדרת מערכת המזומנים במשק" (in Hebrew). Retrieved 27 November 2018.