Central Banking

Israel to print plastic notes

The Bank of Israel said its next issue of 20 sheqel notes will be on polypropylene, a type of plastic.

The central bank said that the material, a type of polymer, "is becoming more popular in many countries due to its durability."

Last year, the central bank released an improved 20 sheqel ($4.97) note, which was printed on higher quality paper with additional coating.

The 20 sheqel note, which is the lowest note denomination in Israel, makes up 10% of total notes in circulation, according to