Research tools also inform the development of our financial education materials. For instance, using research on the type of messaging that appeals to the youth, the BSP developed animated videos to encourage students to spend wisely and save regularly. To date, thousands have viewed these videos on social media.
Since the Law was passed in 1954, the reality has changed completely: there is no foreign-currency control, the Bank of Israel has not intervened in the foreign-currency market for almost ten years, and the exchange rate is determined by the market forces of supply and demand. This situation should be reflected in the new law.