Bank Of Israel Ushers In Reform For Shekel On 50th Anniversary
REGULATORS
JERUSALEM--The Bank of Israel (BoI) announced a series of reforms last week, paving the way towards full convertibility of the shekel, which came into effect as the nation celebrated its 50th anniversary.
Miki Eran, director of the BoI's FX control department in Jerusalem, told FX Week: "It's an important step in making the shekel fully tradable. These changes will mean residents will be able to participate in the FX markets, invest abroad and hedge against their risks much more easily than
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