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AuthorTopic: Israel - 5 Agorot to be withdrawn (Read 35 times)
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Israel - 5 Agorot to be withdrawn
« Thread Started on Jan 9, 2008, 5:22pm »
Knesset Finance C'tee announces 5 agorot coin to go out of circulation

The 5 agorot coin will gradually be taken out of circulation, the Knesset Finance Committee decided Tuesday. Bank of Israel, on whose recommendation the committee made its decision, is expected to save NIS 1.7m, due to the fact that minting the coin costs 16 agorot, over three times its value.

The Bank of Israel recommendation was also prompted by a Dahaf Institute poll, which showed that 80% of the public was in favor of taking the coin out of circulation.

Banks will be accepting the public's defunct coinage until 2011.

Source: Jerusalem Post
http://www.jpost.com/servlet/Satellite?c....icle%2FShowFull
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Re: Israel - 5 Agorot to be withdrawn
« Reply #1 on Jan 9, 2008, 10:52pm »
Makes sense :)
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Re: Israel - 5 Agorot to be withdrawn
« Reply #2 on Jan 9, 2008, 11:00pm »
They will have to make it with a cheaper metal or just simply make a smaller coin.
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Re: Israel - 5 Agorot to be withdrawn
« Reply #3 on Jan 9, 2008, 11:56pm »

Quote:
They will have to make it with a cheaper metal or just simply make a smaller coin.


Or both ;)
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Re: Israel - 5 Agorot to be withdrawn
« Reply #4 on Jan 10, 2008, 12:53pm »
Thanks for correcting me Arne :D
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Re: Israel - 5 Agorot to be withdrawn
« Reply #5 on Jan 11, 2008, 7:38pm »

Quote:
Thanks for correcting me Arne :D


Not a problem at all.
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