'All of the responses to the public consultation indicate support for continued research'

Israel's central bank said on Monday it had received public support for its plans to possibly issue a digital shekel on grounds it would help the economy by supporting innovation in the payments system, reducing the amount of cash and bolstering the fintech sector.

The Bank of Israel last November stepped up its research and preparation for the possible issuance of a digital shekel to create a more efficient payments system after first considering issuing a central bank digital currency in late 2017.

In March, it said a digital shekel was unlikely to significantly erode the banking system's business results.... Read More: i24