Israel to issue new polymer 20-new sheqalim note in 2008
Oct 07, 2007 01:11 PM Category: Middle East
According to the Bank of Israel’s annual report released on October 7, 2007, “To improve the life of the NIS 20 [US$4.95] banknote, the Currency Department released an improved banknote in 2006 printed on higher quality paper with additional coating. As part of this improved quality, the Currency Department will be issuing the next issue of NIS 20 notes based on polypropylene, a polymer which is becoming more popular in many countries due to its durability.” On September 23, 2007, the Israeli daily Yedioth Ahronoth reported that the bank is planning a trial run of 20 million NIS in polymer notes beginning in February 2008.
The bank’s annual report also stated, “In 2006 the Currency Department began planning a new banknote issue series, which includes many aspects, including changing the banknote design, improved security features and quality of banknote paper. The new series is planned to be issued in the next 4-5 years.”