Bank of Israel ( Hebrew בנק ישראל , Arabic. بنك إسرائيل , Bank of Israel ) is the central bank of the State of Israel .
| Bank of Israel | |
|---|---|
 Bank of Israel Building in Jerusalem, January 2006 | |
| Location |  Jerusalem , Israel |
| Established | August 24, 1954 |
| President (Chairman) | Karnit Floog |
| Currency | Israeli new shekel |
| Web site | www.boi.org.il |
The activities of this body are based on the Bank of Israel Law, the latest edition of which was adopted by the Knesset in 2010 . The legal act determines that the main task of the regulator is to maintain price stability.
Content
History
From the moment the State of Israel was formed in 1948 until August 1954, there was no central bank in the country. Its functions were performed by the Anglo-Palestinian Bank of the Jewish National Agency, which changed its name to the National Bank of Israel ( Hebrew בנק לאומי לישראל ) and moved its headquarters from London to Tel Aviv shortly after signing the declaration of independence.
Due to the resignation of the manager of the bank, Professor Stanley Fisher , in June 2013 [1] the regulator is headed by the deputy manager, Dr. Karnit Floog .
Structure
The bank's management consists of the manager (Karnit Floog), his deputy (Nadine Bodo-Treitenberg) and the general director (Hezi Kahlo). The regulator’s leadership also includes the chairman of the foreign exchange committee and the chairman of the supervisory board (Dan Propper). The structure of the leadership of this body has audit and legal departments, as well as the press service of the bank [2] .
Notes
See also
- Israeli economy
- Shekel
- Central Banks and Asian Currencies
Links
- Bank of Israel Official Website (Hebrew) (eng.) (Ar.)
- Bank of Israel Act 2010 Knesset Official Website (Hebrew)