Central Banking

RTGS usage climbs: Bank of Israel survey

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The Bank of Israel Survey of Payment and Settlement Systems, published on Tuesday, shows transactions passed through the central bank's new real-time gross settlement system increased by 20% in 2010.

In 2007, the Bank of Israel launched Zahav, a real-time gross settlement system, as part of a comprehensive reform of Israel's payment and settlement systems. The survey said in 2010 the interbank amounts that passed through the Zahav system increased by about 20%, with the number of interbank

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