New banknotes with different colors to be issued in 2013

The design stage of the new banknotes has been completed, and the first two new banknotes, of NIS 50 and NIS 200 denominations, will be issued in mid-2013.

The Bank of Israel yesterday announced that the design stage of the new banknotes has been completed, and that the first two new banknotes, of NIS 50 and NIS 200 denominations, will be issued in mid-2013. The new NIS 20 and NIS 100 banknotes will be issued in early 2014. The currency name of "New Israeli Shekel" will be kept.

The new banknotes will have state-of-the-art security marks and will be in different sizes to make it easier for blind people to distinguish between the different denominations. The new banknotes will have different colors from the current banknotes of the same denominations.

The NIS 20 note will bear the portrait of Rachel the Poetess (Bluwstein) and will be red. The NIS 50 note will bear the portrait of Shaul Tchenichovski and will be green. The NIS 100 note will bear the portrait of Leah Goldberg and will be orange. The NIS 200 note will bear the portrait of Natan Alterman and will be blue.

The Bank of Israel has not shown the portraits that will appear on the new notes, to prevent forgeries.

Last week, the Bank of Israel briefed and updated representatives of the commercial banks about the preparations for the launch of the new banknotes.

Published by Globes [online], Israel business news - www.globes-online.com - on November 15, 2012

© Copyright of Globes Publisher Itonut (1983) Ltd. 2012

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