The polymer bill is longer lasting and more resistant to wear and tear than paper bills.
The Bank of Israel today began distribution of a new NIS 20 bill. Commercial banks and the postal bank will distribute the new bills. The new bill, made of a polymer, has the same design as the paper bill, except for minor changes in the watermark. The most prominent difference is a transparent window in the new bill with the number "20" engraved in it for easy reading by the public.
The polymer bill is longer lasting and more resistant to wear and tear than paper bills.
The Bank of Israel has also begun distribution of a limited number of polymer NIS 20 bills with a special text "60 years of Israel", to mark Israel's 60th anniversary. A total of 1.8 million bills will be distributed only through ATMs of some banks that pay out NIS 20 bills: Israel Discount Bank (TASE: DSCT), its subsidiary Mercantile Discount Bank, and Bank Otsar Hahayal.
Published by Globes [online], Israel business news - www.globes-online.com - on April 13, 2008
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