The Bank of Israel intends to design the digital shekel as programmable and interoperable with existing payment systems and digital asset networks.

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The Bank of Israel intends to design the digital shekel as programmable and interoperable with existing payment systems and digital asset networks.

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“The DS will be interoperable with other payment systems, allowing users to receive or pay in digital shekel even if the other party to the payment does not use the digital shekel.”

"Central banks currently exploring digital currencies have insisted that any new monetary system interoperates with existing infrastructure, ensuring seamless exchangeability between CBDCs and bank deposits."

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