EUR/USD 1.17026
-0.160%
Gold 4332.37
-0.009%
Oil 56.345
0.852%
USD/JPY 157.369
1.167%
GBP/USD 1.33597
-0.162%
GBP/JPY 210.243
1.017%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
On December 19th, multiple independent sources revealed that Li Auto recently restructured and merged its supply chain departments. The "Components Cluster," a first-level department under the Intelligent Vehicle Group, was merged into "Manufacturing," now managed by Li Auto Vice President Li Bin, who reports to President Ma Donghui. The former head of the Components department, Luo Ping, has left the company. Prior to the merger, the Components Cluster had nearly 1,000 employees. After the merger, the entire large manufacturing department now has over 10,000 employees, making it the largest first-level department within the Intelligent Vehicle Group, accounting for one-third of the total workforce. "The merger is to consolidate similar functions. Originally planned for a capacity of 2 million units, now that that capacity is no longer available, its natural to merge departments with similar functions," an internal supply chain source at Li Auto told us.FOMC permanent voting member and New York Fed President Williams will be interviewed by CNBC in ten minutes; Canadas October retail sales figures will be released in ten minutes.U.S. Trade Representative Greer: Nvidias (NVDA.O) H200 exports are a "separate" matter.On December 19th, Ukraine launched its first attack in the Mediterranean on a Russian "shadow fleet" oil tanker, the latest escalation in its drone strikes. An informed source revealed that the 250-meter-long tanker, named Qendil, was hit more than 2,000 kilometers from the Ukrainian border, an unprecedented attack. The tanker was empty at the time and therefore posed no environmental threat. In recent weeks, Ukraine has been continuously attacking vessels allegedly belonging to Russias "shadow fleet," launching a series of attacks in the Black Sea aimed at reducing Russias oil revenues and thus weakening the Kremlins funding. Some vessels were seen sailing close to the Turkish coastline as they left Black Sea ports, possibly indicating an attempt to avoid attacks.U.S. Trade Representative Greer: Food imports are not a problem for us.

Bank of Israel Has Gained Support, Although It Remains Skeptical of the Digital Shekel

Skylar Shaw

May 10, 2022 10:07

微信截图_20220510094839.png


The Bank of Israel has continued to investigate the possibility of establishing a CBDC.


In November of last year, the Bank increased its research and development efforts.


Despite widespread support for establishing a CBDC, the Bank has yet to make any final decisions.


Over the previous year, as global economies have shown increased interest in CBDCs, Israel's Central Bank has received encouraging feedback from residents. The financial institution's stance on issuing one, however, remains uncertain.

Perhaps CBDCs to The Rescue?

Israel's Central Bank said on Monday that it has received popular backing for its plans to establish a digital shekel. Citizens feel that creating a central bank digital currency (CBDC) will benefit the economy by boosting payments system innovation, lowering the quantity of cash in circulation, and strengthening the fintech industry.


In November of last year, the Bank expanded its research and preparation activities in anticipation of the probable release of a digital shekel. After pondering launching a central bank digital currency in late 2017, it pushed its research to establish a more efficient payments system.


Furthermore, financial institutions said in March that a digital shekel would not materially degrade the banking system's commercial performance. Finally, the Bank urged the public to assess the benefits and drawbacks of establishing a CBDC.


The Bank of Israel said on May 10 that it had received 33 submissions from different industries, half of which were from overseas, and roughly 17 from the fintech industry.

The Bank of Israel Is Still Suspicious

Israeli citizens feel that a CBDC might help the economy thrive by fostering payment system innovation and lowering the quantity of cash in circulation.

Suggestion