Scenarios that could influence a decision to issue a digital shekel include a decision by the U.S. or the European Union to issue CBDCs. A decline in cash usage, significant use of stablecoins, competition in the domestic payment system, and significant technological developments in payments systems could also sway the central bank’s decision to issue one.
Source: https://www.coindesk.com/policy/2023/04/18/israels-central-bank-outlines-scenarios-for-issuing-a-digital-shekel/?utm_medium=referral&utm_source=rss&utm_campaign=headlines