|
Post by admin on Jan 9, 2008 17:22:28 GMT 1
Knesset Finance C'tee announces 5 agorot coin to go out of circulationThe 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 www.jpost.com/servlet/Satellite?cid=1198517265051&pagename=JPost%2FJPArticle%2FShowFull
|
|
chris
New Member
Posts: 42
|
Post by chris on Jan 9, 2008 22:52:23 GMT 1
Makes sense
|
|
bart
Junior Member
Posts: 64
|
Post by bart on Jan 9, 2008 23:00:46 GMT 1
They will have to make it with a cheaper metal or just simply make a smaller coin.
|
|
|
Post by admin on Jan 9, 2008 23:56:47 GMT 1
They will have to make it with a cheaper metal or just simply make a smaller coin. Or both
|
|
bart
Junior Member
Posts: 64
|
Post by bart on Jan 10, 2008 12:53:38 GMT 1
Thanks for correcting me Arne
|
|
|
Post by admin on Jan 11, 2008 19:38:23 GMT 1
Thanks for correcting me Arne Not a problem at all.
|
|