The Real Time Gross Settlement System has now, the world over, been the preferred mode of the settlement of large value inter-bank payments, with more and more countries moving towards it. In the SAARC region, we are now being joined by Sri Lanka, which has also decided to move over to RTGS.
Karnit Flug: Implementing reform benefitting the public in Israel Remarks by Dr Karnit Flug, Governor of the Bank of Israel, at the Knesset Reforms Committee, Tel Aviv, 14 December 2016.