In
accordance with the provisions of the Bank of Israel Law, 5770-2010, the Bank
of Israel is the exclusive issuer of legal tender in Israel. Under such
authority, the Bank of Israel issues each year several commemorative coins
denoting important issues and events in the history of the nation and the
homeland. The Governor determines the face value, composition, weight, design,
and other particulars of the commemorative coins, with the approval of the
Supervisory Council and the Government (as noted in Section 43 of the Law), and
to that end is assisted by the Committee for the Planning of Banknotes, Coins,
and Commemorative Coins. The coins are made of gold or silver, and are marketed
to the public and collectors in Israel and abroad through a marketing company.

In
accordance with the Law, commemorative coins, special coins, and numismatic
items, are marketed through a company appointed to do so by the Minister of
Finance, with the consent of the Governor.

On
February 8, 2017, Minister of Finance Moshe Kahlon, with the consent of
Governor Dr. Karnit Flug, appointed G.R.A.S. Designs and Combinations Ltd.
(corporation number 511567059) as a nonexclusive marketer of commemorative
coins, special coins, and numismatic items issued by the Bank of Israel that
are legal tender in Israel.

The
Bank of Israel and Ministry of Finance invite other entities that are
interested in working in this area to submit to the Bank of Israel and Ministry
of Finance joint Tenders Committee a request to market commemorative coins,
special coins, and numismatic items as noted.

For
further information on submitting a request, please visit the following link
(in Hebrew):

http://www.boi.org.il/he/Currency/BankIssuedCommemorativeCoins/Pages/Default.aspx

Appointment of nonexclusive marketer of commemorative coins issued by the Bank of Israel

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