Central Banks

Bank of Israel

The Central Bank of Israel was established on August 24, 1954, when the Knesset passed the Bank of Israel Act, ceding the finance minister's currency issuance and supe...

The Central Bank of Israel was established on August 24, 1954, when the Knesset passed the Bank of Israel Act, transferring the finance minister's currency issuance and supervision powers to the newly established Bank of Israel. However, it was not until 1978 that the Bank of Israel had the right to supervise foreign exchange transactions. Then, in 1985, the Bank of Israel became fully independent and, since 1992, began to manage monetary policy in order to achieve the Israeli government's inflation target. Currently, Israel's inflation target ranges from 1% to 3%, a level that Israel sees as a sign of price stability. In addition, the Bank of Israel is also responsible for managing foreign exchange reserves.
The State of Israel is a country located in the Levant region of Western Asia, on the southeastern coast of the Mediterranean Sea. The currency used is the Shekel, code ILS.
Israeli Shekel to USD: https://cn.investing.com/currencies/ils-usd
Exchange rate between Israeli Shekel and Chinese Yuan: https://cn.investing.com/currencies/ils-cny

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