Bank of Israel to replace all coins

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The Bank of Israel is planning to change the country’s current series of coins after 25 years, following a recent government decision to change all of the State’s banknotes, Yedioth Ahronoth has learned.

The decision is aimed at preventing forgeries, reducing the cost of the metal used to manufacture the coins and changing the current name – “new Israeli shekel” – to the previous name – shekel – on all new coins issued.

The current series of coins has been in use since September 4, 1985, when the shekel was renamed “new Israeli shekel”. At the time, 1,000 shekels were replaced with one new shekel.

The first coins issued in the current series were 1 agora, 5 agorot, 10 agorot and 1 shekel. The 5-shekel coin was issued in 1990. The 10-shekel coin, which was the first coin in Israel to be comprised of two types of metal, was issued in 1995, and the two-shekel coin followed in December 2007.

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Posted by Jasmin on Monday, April 25th, 2011. Filed under Jewish News. You can follow any responses to this entry through the RSS 2.0. You can skip to the end and leave a response. Pinging is currently not allowed.

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