The Bank of Israel has already carried out a pilot test on a central bank digital currency (CBDC), Deputy Governor Andrew Abir revealed.
- Abir revealed the news at a conference of the Fair Value Forum of IDC Herzliya, The Jerusalem Post reported Monday.
- After being asked if the Bank of Israel had already run a pilot on a digital shekel, Abir answered that it had.
- Abir noted that he is not particularly optimistic about an Israeli CBDC actually being launched.
- He had previously said that the chance of one being launched within five years is 20%. “My estimate has increased a bit in the last year, mainly because other countries are advancing with it too, bit still there is less than 50% chance.”
- No formal announcement has been made by the Bank of Israel on the subject since early May, when it said it was preparing an action plan for the issuance of a digital shekel as part of an overall acceleration of its research into the subject.
Source: Coindesk
