Bank of Israel: 200-shekel note will not be abolished

Tel Aviv - Ma'an - The Bank of Israel said that it has not yet studied the issue of canceling the 200-shekel banknote, and that there is no justification for this at this stage. The bank's clarification came after Prime Minister Benjamin Netanyahu stated his intention to cancel the note. During last week's discussion on crime in Arab society, Netanyahu proposed canceling the 200-shekel bill. The goal of such a move is to reduce or discourage the use of cash, the most popular means of payment among criminals. The State of Israel is continuing its campaign to abolish cash by withdrawing the 200-shekel bill from circulation, under the pretext of the war on black capital. The real agenda is much more serious and sinister. The proposal to cancel the 200-shekel bill has been discussed in the past in various committees that deal with black capital, but no firm recommendation was received regarding such a move. Nevertheless, Netanyahu announced, without any professional basis, that he is considering canceling it. The Bank of Israel is the body responsible for managing cash in Israel, including banknotes. The Bank of Israel said: 'The Bank of Israel will present its professional position regarding such a move, to the extent that it is brought up for discussion. The authority to cancel banknotes by law lies with the governor. So far, there is not enough of that.' Professional justifications have been presented based on canceling this or that law. Source: Maan News Agency