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Yashar leader Eisenkot warns 150 billion shekels face risk under Netanyahu's digital finance proposal

The campaign video attacks the prime minister's backup plan by labeling it 'Bibicoin' and comparing the economic outcome to North Korea.

By Daniel Bernard ·

Illustration for: Yashar leader Eisenkot warns 150 billion shekels face risk under Netanyahu's digital finance proposal
Illustration generated for this article, not a news photograph.

Gadi Eisenkot claims 150 billion shekels are at risk if Israel shifts to a digital finance system, a figure he cited in a campaign video released on Saturday. The chairman of the Yashar party used the amount to frame Prime Minister Benjamin Netanyahu's backup financial plan as a threat to the national treasury. Eisenkot described the proposal as an admission that the government had economically destroyed the country.

The video opened with the line 'All of our money is at risk.' It then cut to footage from a previous Channel 10 interview where Netanyahu stated that Israel must prepare for an alternative economy. The prime minister made this argument in response to the growing list of international sanctions facing the state. He acknowledged that blockchain technology would certainly be part of his strategy and noted that he had already requested a plan for its implementation.

Eisenkot's team coined the term Bibicoin to describe the proposed mechanism. The video argued that such a system would produce an economy similar to North Korea and Iran. It listed the end of high tech, healthcare, and security as the inevitable results. The ad also questioned how the global high tech industry would continue investing in Israeli companies if digital currency became the sole method of payment.

In a separate post on X, Eisenkot adopted a more personal tone to address the issue. He wrote that Netanyahu admits his policy will lead to international isolation and sanctions that will shake the economy and the market. Eisenkot called this trajectory the collapse of national security. He urged voters not to let the prime minister burn through the country's savings.

The political exchange centers on Netanyahu's contingency planning for a sanctioned economy. Eisenkot used the prime minister's own words from the Channel 10 interview as the foundation for his criticism. The Yashar leader positioned the debate as a choice between preserving existing assets or accepting a radical shift in financial infrastructure.

Netanyahu has not yet issued a formal response to the video. The next major political event is scheduled for next week, when both leaders are expected to appear at a joint economic forum to discuss the country's fiscal outlook.

Source: The Jerusalem Post

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