The Bank of Israel is situated in Kiryat Ben Gurion in Jerusalem, close to the Knesset (Israel's parliament), the Supreme Court, and government ministries. The Bank also has a branch in Tel Aviv (in Lilienblum Street). The Bank of Israel was founded on August 24, 1954,
The Bank of Israel Law places special emphasis on the independence of the Bank. Thus, the Governor of the Bank is appointed by the President of Israel for a term of five years, at the recommendation of the government. The current governor is Stanley Fischer.
The biggest Jerusalem content encyclopedia on the Internet. Jerusalempedia is a site that offers a full range of terms related to jerusalem.
The Bank of Israel
Information about The Bank of Israel. BOI was founded on August 24, 1954 - The Bank of Israel Law places special emphasis on the independence of the Bank - Stanley Fischer
About the Bank of Israel
The Bank currently has some 800 employees, about 300 of whom have degrees in economics, accountancy, law, etc. In the 1980s and the 1990's the Bank underwent radical restructuring, and the number of employees was cut by about one third. This cutback was made possible by more efficient work methods, improvements in the Bank's computer systems, and also by reforms in the capital and money markets which reduced the Bank's involvement in the areas of directed credit, State loans, and foreign exchange control.
