Israel's Central Bank Won't Decide on CBDC Before European Central Bank, Says Deputy Governor

According to Foresight News, Andrew Abir, the Deputy Governor of the Central Bank of Israel, has stated that the bank will not make a decision on whether to introduce a Central Bank Digital Currency (CBDC) before the European Central Bank does. Abir noted that 'we are all waiting for the first Western central bank to pull the trigger, which is almost certainly the European Central Bank, and then you might see a large number of countries taking action.'

A few weeks prior to this statement, the Central Bank of Israel had initiated the 'Digital Shekel Challenge' aimed at developing uses in the payment sector.