BankHeadOffice.com         Bank Head Office Worldwide   ♦ Loan Calculators ♦ Mortgage Guides ♦ Banking FAQs ♦ Banking Institutions ♦ Central Banks Worldwide       Home  »  Central Banks Worldwide  »  Bank of Israel Bank of Israel The Bank of Israel (Hebrew: בנק ישראל‎ Arabic: بنك إسرائيل‎) is the central bank of Israel. It is located in Kiryat HaMemshala in Israel's capital city of Jerusalem, with a branch office in Tel Aviv. The Bank of Israel was founded on August 24, 1954.   The Bank has a branch in Tel Aviv (in Lillienblum Street), and there is also an extension of the Banking Supervision Department in Tel Aviv (in Yavneh Street). The Bank of Israel is rather unusual when compared to other financial institutions in that the Governor alone decides whether to change rates or keep them on hold, rather than being voted upon by board members. Prior to this decision, discussions are held at two levels - first in a broad and then narrow forum. The Bank is independent, and its objectives and operating methods are specified in the Bank of Israel Law, 5770-2010. Its objectives are to maintain price stability, to support the Government's objectives especially growth and employment, and to support the stability of the financial system. The objectives and  functions of the Bank of Israel include:     Managing monetary policy     Holding and managing the foreign currency reserves of the State     Supporting the orderly activity and stability of the financial markets   Acting as banker of the Government     Regulating the economy's payment and clearing systems     Issuing Currency and regulating and guiding the cash system of the economy     Supervising and regulating the banking system     Adviser to the Government on economic matters     Collating and disseminating information and data on Israel's economy     Representing Israel in the International Financial Institutions The Bank of Israel maintains regular relations with these international financial institutions in various domains: participation in discussions and exchanges of views, voting, hosting of professional delegations, placement of Israeli experts in professional delegations to other countries, providing the institutions with data for their publications, obtaining information from these institutions and circulating it among interested parties in Israel, etc.   Bank of Israel HQ Address: Bank Israel Street 2 Kaplan Street 91007 Jerusalem Israel Telephone: +972 2 655 2211 Facsimile: +972 2 652 8805 Website: www.bankisrael.gov.il Swift Code: ISRAILIJ Currency: Israeli Pounds Banking Hours: Mon - Fri : 0830 - 1230 and 1600 - 1730   Israel's active involvement in international financial institutions, via the Bank of Israel, helps to strengthen relations with economic policymakers abroad and reinforce ties between the Israeli economy and other economies. The Bank acts to increase public awareness of its activities and the areas of its responsibility. It does so by means of its publications, press releases, etc. In addition, there is a Visitors Center in the Bank's premises in Jerusalem, with an exhibition showing the development of money and the issue of money, and with films, lectures and games explaining the main functions of the Bank. DISCLAIMER The content comes from Internet, reasonable efforts are made to maintain accuracy of information published. However, information could contain errors or inaccuracies and is presented without warranty and statutory means. No liability is assumed for errors or omissions. Viewers are advised to consult their banker or financial consultant for complete information and their professional advise. All trademarks, logos, brand names and copyrights are the property of their respective owners. © 2011 - 2022 BankHeadOffice.com ® All Rights Reserved