The Bank of Israel may print a 100,000 Shekel note because the planned 50,000 Shekel note cannot keep pace with the current rate of inflation, the Jerusalem Post reported today.
The paper said a bank official went to Holland recently, where Israel’s currency is printed, to try to speed up the production of 5-10,000 Shekel notes. The highest denomination presently in circulation is the 1,000 Shekel note which is roughly equivalent to $4.00 at the official rate of exchange.
The Archive of the Jewish Telegraphic Agency includes articles published from 1923 to 2008. Archive stories reflect the journalistic standards and practices of the time they were published.
