Central Banking

Israel puts plastic notes into circulation

The Bank of Israel on Sunday introduced its first polymer banknote.

The new notes, worth IS20 ($5.69) each, are similar in appearance to the existing paper notes aside from the security feature, which replaces a thread through the middle of the note with a transparent window with the number 20 embossed on it.

A special edition of 1,800,000 notes will feature a special inscription in Hebrew celebrating the 60th anniversary of the birth of Israel.

"The quality of IS20 paper notes in circulation