Category: abolishment
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Reduction in cash holdings after NIS 200 bill abolishment talk
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Since September 2024, there has been a significant decrease in the number of NIS 200 bills that the public has been set up for the number of NIS 100 bills, according to the banks of the Bank of Israel. In September, “Globes” revealed an initiative by a group of economists…
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Israelis shunning NIS 200 bills due to abolishment fears
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With the Israeli government considering scrapping the 200-shekel banknote to fight the black economy and tax evasion, some Israelis are reportedly already taking action. Although the Bank of Israel has poured cold water on the idea, saying that “no sufficiently well-founded professional justification has been provided,” there are reports of…