The Bank of Israel has extended the public consultation period for its Preliminary Design for the Digital Shekel System, moving the deadline for feedback submissions from 30 April 2025 to 15 May 2025. The preliminary design document sets out proposed features of the digital shekel ecosystem, including user journeys, system architecture and technical issues, and policy, rules and regulatory aspects. The Bank of Israel stresses that the document does not cover everything required to enable issuance and that further design work and significant processes with public and private sector participants would be needed if a decision is taken to implement it; the document was published to gather feedback from the public and professional community. Feedback is to be provided via a dedicated questionnaire, with the two-week extension made in response to stakeholder requests and to support broader participation.
Bank of Israel 2025-04-22
Bank of Israel extends digital shekel preliminary design consultation deadline to 15 May 2025
The Bank of Israel has extended the public consultation deadline for its Preliminary Design for the Digital Shekel System from 30 April 2025 to 15 May 2025, allowing more time for feedback via a dedicated questionnaire. The document outlines proposed features of the digital shekel ecosystem, but further design work and collaboration with public and private sectors would be necessary for implementation.