ISRAEL CONSIDERS 200-SHEKEL NOTE RECALL

Richard Giedroyc

The United States hasn’t issued $500 or $1,000 bank notes in years. Canada has stopped circulating its $1,000 note. The European Union no longer issues and discourages using its €500 note. More high denomination bank notes have likewise been discontinued due to various problems, many of which are due to criminal behavior. It may be Israel’s turn to follow these examples, although Israel’s government’s motives are questionable. In September, Israeli Prime Minister Benjamin Netanyahu considered if the nation’s 200-shekel note should be the next denomination whose use should be terminated. The 200 shekel is the highest denomination bank note in circulation in Israel. It has an exchange value of about $54 U.S. Netanyahu has said the high-value note should be eliminated due to its being widely used by criminal organizations…

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World Coin News (Digital) - 1 Issue, December 2024

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