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Israel central bank rejects Netanyahu’s plan to use crypto to evade sanctions

Critics say prime minister’s proposal would turn country into an economic pariah

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Central bank

The public institution that manages a country's currency, money supply and benchmark interest rate, such as the Federal Reserve or the Reserve Bank of India.

Its decisions on rates and money supply move loan costs, currencies and markets for everyone in the economy.

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Sanctions

Penalties such as trade bans, asset freezes or travel bans imposed by one or more countries on another country, group or person.

Sanctions are used to pressure governments without military action, with costs for both sides.

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