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The idea of issuing a central bank digital currency has been in discussion since 2017. Israel has already conducted a pilot test of their own CBDC which is the digital Shakel. The Bank of Israel has made no announcement on its website about the issuance of a digital shekel at the time of publication. Deputy Governor Andrew Abir said he was not optimistic that Israel would launch a digital currency within five years. He said the chance of having a CBDC is less than a 50% chance.