Bank of Israel – Key Facts:
Established: 24th August 1954
Governor: Karnit Flug
Bank rate: 0.1%
The Bank of Israel (בנק ישראל) is Israel’s central bank and controls monetary policy and foreign currency exchange and reserves. Typically the Bank of Israel has been considered one of the world’s most efficient and successful central banks. The bank’s most important policy is the maintenance of price stability.
The BOI is considered to have a level of independence comparable to other western democracies, and its status is generally accepted within the Israeli political system. Established in 1954, the BOI is based in Jerusalem close to other government compounds, including the parliament and Supreme Court.