Bank of Israel in the context of "Financial market infrastructure"

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⭐ Core Definition: Bank of Israel

The Bank of Israel (Hebrew: בנק ישראל, Arabic: بنك إسرائيل) is the central bank of Israel. The bank's headquarters is located in Kiryat HaMemshala in Jerusalem with a branch office in Tel Aviv. The current governor is Amir Yaron.

The primary objective of the Bank of Israel is to maintain stability in prices and the financial system in Israel. It also administers and implements monetary policy in Israel, conducts foreign exchange operations, supervises and regulates the banking system, takes care of the foreign reserves and operations of the financial market infrastructure. The Bank of Israel has, under Article 41 and 44 of its Statute, the exclusive right to issue Israeli Shekel banknotes and coins.

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Bank of Israel in the context of Givat Ram

Givat Ram (Hebrew: גִּבְעַת רָם) is a neighborhood in central Jerusalem. It is the site of Kiryat HaMemshala (Hebrew: קריית הממשלה, lit. Government complex), which includes many of Israel's most important national institutions, among them the Knesset (Israel's parliament), the Israel Museum (as well as the private Bible Lands Museum), the Supreme Court, Bank of Israel, Academy of the Hebrew Language, National Library, one of the campuses of the Hebrew University of Jerusalem, and many government ministries' offices.

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