Base Currency: ILS
The Bank of Israel is the central bank of the State of Israel. The Bank was established in 1954. It is situated in Kiryat Ben Gurion in Jerusalem, close to the Knesset (Israel's parliament), the Supreme Court, and government ministries. The Bank has a branch in Tel Aviv (on Lillienblum Street), and there is also an extension of the Banking Supervision Department in Tel Aviv (on Yavneh Street).
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 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.