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Bank of Israel accelerating CBDC development, but there is no end date

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Bank of Israel has been picking up pace as the whole world rushes to the adopt central bank digital currencies [CBDCs]. As per reports, it is accelerating its study, research, and preparations for the possible issuance of its digital shekel.Its objective is creating a more efficient payments system.

However, the governor of the Bank of Israel has clarified that like many other central banks, it has not yet made a final decision over its issuance.

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