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The new initiative, "Digital Shekel Challenge," aims to create an advanced digital payments ecosystem by involving various sectors in a competitive sandbox environment.
The Bank of Israel has not decided on issuing a digital shekel, even as it continues its yearslong effort to explore its issuance.
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Some think that a CBDC done "right" will spur competition and innovation while protecting privacy and freedom. No form of a CBDC will accomplish these tasks.
With inflation falling, estimates have changed and more and more economists believe we will see a further interest rate cut this month.