Israel's new NIS 200 note enters circulation today

NIS 200

The blue banknote with a portrait of poet Nathan Alterman replaces the red bill with a portrait of former President Zalman Shazar.

Israel's new blue NIS 200 banknote - the second in the new series of banknotes, Series C of the New Israel Shekel (NIS) - has entered circulation today. The new banknote bears the portrait of poet Nathan Alterman. As of this morning, the new banknote is being distributed to the public through commercial bank tellers, automated teller machines (ATMs), and Israel Postal Company branches.

The Bank of Israel says that the banknotes in the new series have advanced standards of security, innovation and accessibility. The denominations differ in color and length, and incorporate a range of leading edge anti-counterfeiting security features, produced through various technologies. The new banknotes also include designated features to aid the blind and vision impaired.

The Bank of Israel added that the red NIS 200 banknotes currently in use, bearing the portrait of former President Zalman Shazar (Series B of the NIS) will continue to be legal tender for several years, and will remain in circulation in parallel with the new banknotes. As the process of replacing the banknotes is gradual, the public does not need to take any action to replace the banknotes at this stage. Later on, the Bank of Israel will publish guidelines for replacing the banknotes from Series B.

The first banknote in the new series was the green NIS 50 note issued two years ago.

Published by Globes [online], Israel business news - www.globes-online.com - on December 23, 2015

© Copyright of Globes Publisher Itonut (1983) Ltd. 2015

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