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Bank of Israel Introduces New NIS 50 Note

The Bank of Israel has introduced a new fifty shekel note bearing the likeness of Russian-born Hebrew poet Shaul Tchernikovsky.

Bank of Israel May Pop the Bitcoin Bubble

Economics 101 teaches that “money is money because it is money,” but a bitcoin may not always be a bitcoin.

Obama Plans to Name Stanley Fischer as Vice Chairman of the Fed

The Obama administration is close to announcing that former Israel Bank Governor Stanley Fischer will take over the number two position at the Federal...

Karnit Flug Named as Governor of Bank of Israel

PM Netanyahu and Finance Minister Lapid announced that acting Bank of Israel Governor Karnit Flug will be appointed as the next governor. Flug will be...

BOI Governor Might be Named after Yom Kippur

Following the fiascoes where Netanyahu's preferred choices for Bank of Israel governors couldn't be appointedt, the Turkel Committee vetted and approved three new candidates for the job.

Shekel-Dollar Rate Sinks Below 3.53

The American dollar’s worldwide weakness helped drive down the shekel-dollar rate to below 3.53 shekels to the dollar Thursday, the lowest level since September...

Search On Again For Bank of Israel Governor

Professor Leo Leiderman withdrew his candidacy for governor of the Bank of Israel, just two days before his election was to be announced. Leiderman's withdrawal...

Professor Leo Leiderman to be Next Bank of Israel Governor

Prime Minister Benjamin Netanyahu and Finance Minister Yair Lapid have decided to appoint Professor Leo Leiderman as the new governor of the Bank of...

Bottle of Cologne Stands in Way of Frenkel as Bank Governor

An alleged shoplifting incident in Hong Kong in 2006 has become a major issue over whether Yaakov Frenkel will return to his former post...

Bank of Israel Orders 50 Percent Cut in Bank Fees

The Bank of Israel ordered on Monday a 50 percent cut in fees Israel’s banks charge customers’ checking accounts. The banks make money, piles of...

Fischer: I Don’t Know Everything but Israel Must Do More for Peace

Outgoing Governor of the Bank of Israel Stanley Fischer admitted that he does not understand everything in Israel but after only eight years in...

Stanley Fischer Hospitalized Overnight

Outgoing Governor of the Bank of Israel Stanley Fischer was rushed to a Tel Aviv hospital Tuesday night after complaining of exhaustion, but he...

Prof. Yaakov Frankel to Return as Head of Bank of Israel

The money markets can relax. There is economic growth after Stanley Fischer, who has decided that Israel is not his home. Prof. Yaakov Frenkel, who once headed the Bank of Israel, is returning.

Netanyahu Wants Harvard Prof. Helpman as New Head of Bank

Prime Minister Binyamin Netanyahu is trying to recruit Harvard Prof. Elkhanan Helpman, who previously moved to Israel form the Soviet Union, to replace Stanley...

World Financial Honchos to Attend $30,000 Bye-Bye Bash to Fischer

Former U.S. Secretary of the Treasury Larry Summers will join several other world financial leaders on June 18 for a $30,000 farewell party for...

Dizzy Dollar Dumps the Shekel

The shekel-dollar rate has soared 4 percent in the past two weeks, with the latest jump today (Wednesday) prompted by expectations that the Bank...

Fisher’s Assessment: ‘The State of Israel’s Economy is Very Good’

Though it can boast many achievements, in Fisher's view, 'The state of Israel’s economy is very good, not excellent as it was in recent years.'

Fischer Launches New War on Shekel-Dollar Rate

Bank of Israel Governor Stanley Fischer launched a new war on the falling shekel-dollar rate Monday and ordered the purchase of $100 million of...

Europe’s Financial Crisis Weighs on Israel’s Economic Outlook

Israel is watching the continuing debt European debt crisis warily, as the European Union is Israel's top trading partner. But despite Europe's economic woes and trepidation in Israel, the EU is set to intensify relations with Israel by approving up to 60 new cooperative initiatives, according to AFP.

Bank of Israel 2011 Report: Economy Grew by 4.7%, Dealt Successfully with Significant Difficulties

Prime Minister Benjamin Netanyahu: "The Israeli economy grew more than most Western economies, almost 2.5 times the OECD average...In contrast to the collapsing economies around us, Israel's credit rating was upgraded last year."

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