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Revision as of 01:45, 7 March 2007 by 201.50.225.218 (talk)(diff) ← Previous revision | Latest revision (diff) | Newer revision → (diff)| Bank of Israel logoBank of Israel logo | |
| Headquarters | Jerusalem, Israel |
|---|---|
| Governor | Stanley Fischer |
| Central bank of | Israel |
| Currency | New Israeli Shekel ILS (ISO 4217) |
| Bank rate | 4.25% |
| Interest on reserves | 4.25% |
The Bank of Israel (Template:Lang-he) is the central bank of Israel.
At independence in 1948, the power of note issuance was vested with the Anglo-Palestine Bank, which was refounded as Bank Leumi in 1950. Monetary policy and banking supervision remained controlled by the Ministry of Finance.
The Bank of Israel was founded on August 24, 1954, when the Knesset passed the Bank of Israel Act, which passed control over note issuance and banking supervision. Control over foreign exchange was not ceded to the bank until 1978. Since 1992, the bank has set an inflation target and been empowered to manage the monetary policy so as to meet that target. The bank complies with the ramifications of loans and interest in Judaism.
The Bank of Israel is located in Jerusalem, with a branch office in Tel Aviv.
The current governor is Stanley Fischer.
Governors of the Bank
- David Horowitz, 1954 - 1971
- Moshe Sanbar, 1971 - 1976
- Arnon Gafni, 1976 - 1981
- Dr. Moshe Mendelbaum, 1982 - 1986
- Prof. Michael Bruno, 1986 - 1991
- Prof. Jacob Frenkel, 1991 - 2000
- Dr. David Klein, 2000 - 2005
- Prof. Stanley Fischer, 2005 - present
See also
Lists
External links
- Official website (English) - http://www.bankisrael.gov.il/firsteng.htm
- Official website (Hebrew) - http://www.bankisrael.gov.il/firstheb.htm
- The Bank of Israel lowers the interest rate for February 2007 by 25 basis points to 4.25 percent - Press release
- Exports Boost Economy in Israel - Research Performed by Bank of Israel
BANK OF ISRAEL E UMA INDUSTRIA BANCARIA ISRAELENSE LOCALIZADA EM JERUSALEM ISRAEL PRODUZ MOEDAS DINHEIRO CHEQUES ELETRONICOS TICKETS E FAZ SERVIÇOS FINANCEIROS E APLICA DINHEIRO NOS SEUS INVESTIMENTOS E AÇOES E A PRINCIPAL INDUSTRIA BANCARIA DO PAIS E A TAMBEM A CASA DA MOEDA DO PAIS ALEM DE GUARDAR TODA A MOEDA DO PAIS O SHEKEL ISRAELENSE FOI FUNDADA EM 1950 E DESDE ENTAO PROSPEROU NO PAIS ELA FATURARA EM 2007 $78,000,000,000 BILHOES DE DOLARES AMERICANOS.
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