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Israeli Govt. Authorized to Mint New Coin to Replace Mil; New Notes Also to Be Printed

The Israeli Government was authorized today by the State Council to mint a new coin–the Pruta–which will replace the Palestine mil.

At the same time, it was learned here that the printing of new Israeli currency is under consideration. The new notes will be issued by the Anglo-Palestine Bank, the government’s banking institution. The currency now in circulation has been criticized for bearing too much English wording and, since it was printed before the proclamation of statehood, does not make any mention of the existence of Israel.

Several new Israeli postage stamps are also scheduled to be put into circulation shortly. They will depict scenes of Jerusalem, the Negev, Galilee and the 50th anniversary of the founding of the settlement of Petach Tikvah.