When the interviewer asked if cryptocurrencies were among the possible solutions, Netanyahu confirmed this was the case.

However, the Bank of Israel protested the idea in a statement, saying that the digital currencies “cannot be used as a route for bypassing sanctions”.

“The right thing for Israel’s economy is preserving the economic relationships with our principal trade partners and focusing on preventing sanctions and their negative influence on the economy,” it went on.

“This issue is within the responsibilities of the political echelon, and it should act to advance it.”

The proposal was also criticised by the Economists’ Forum, a group of more than 100 economists, business executives and former government…