In advance of the launch
of the next two denominations in the new series of banknotes, the Bank of
Israel is continuing to ensure the preparedness of the various automatic sales
machines and cash withdrawal machines in the economy.
The replacement of the
banknotes from the old series (Series B) with banknotes from the new series
(Series C) is proceeding as projected.
o Since the launch of the new NIS 50 banknote in September
2014, about 90 percent of the banknotes in circulation have been replaced with
banknotes from Series C.
o Since the launch of the new NIS 200 banknote in December
2015, about 60 percent of the banknotes in circulation have been replaced with
banknotes from Series C.
o The automatic cash withdrawal machines in all banking
corporations issue NIS 200 and NIS 50 banknotes from the new series only.
On the eve of the
Passover holiday, the Bank of Israel calls upon those holding NIS 50 and NIS
200 banknotes from Series B of the New Shekel to replace them with banknotes
from the new series, at no cost, through the commercial banks, the Postal Bank,
or the public cash window at the Bank of Israel.
In advance of the entry of the new NIS 20 and
NIS 100 banknotes into circulation, which is expected later this year, the Bank
of Israel is proceeding with the preparations required to complete the
replacement of the banknote series. As
part of these efforts, at the end of 2016, samples of the new banknotes were
provided to manufacturers, supplies and operators of vending, counting and
sorting machines in order to calibrate their machines. The Bank of Israel is monitoring the
calibration of the vending machines and is continuing to act by providing
information, training and professional assistance to relevant parties in order
to enable them to prepare technically and operationally for the calibration of
their machines in a timely fashion.
“The Proper ‘Seder’ in Israel’s Banknotes for
the Passover holiday”—The Bank of Israel calls on all those who still have NIS
50 and NIS 200 banknotes from Series B (see pictures below) to replace them, at
no fee, with new banknotes at the commercial banks, the Postal Bank, and the
public cash window at the Bank of Israel in Jerusalem. Alternatively, Series B banknotes can be
deposited in bank accounts or used.
During periods when banknote series are
replaced, counterfeiters and other criminal elements try to profit unlawfully
by distributing copies and photocopies of banknotes, taking advantage of the
public’s lack of acquaintance with the new banknotes and their security
features. As such, the Bank of Israel
invites the public to learn about the new series of banknotes and the security
features they bear, which are identical on all the new banknotes, at the Bank
of Israel’s website:
The Bank of Israel will soon announce the
precise date for the launch of the other two banknotes, details regarding their
security features, and timetables for the replacement of Series B banknotes
with new banknotes, at the commercial banks, the Postal Bank and the Bank of
To Full Press release (including photos) press here