Central Banking

Israel prepares for the worst

The Bank of Israel's core staff participated in a two-day drill exercise on Monday and Tuesday as part of the central bank's business continuity programme.

Heads of department and the management were involved in a series of simulated scenarios, where they had to analyse and react to a hypothetical emergency.

A spokesperson for the central bank said that the aim of the exercise was "to test decision-making in times of crisis and to test the functioning abilities of the central parts of the ban