Bank-Issued Commemorative Coins
Issuance of commemorative coins: As the exclusive issuer of legal tender in Israel, the Bank also issues commemorative coins, each year and to mark special occasions as well. The Governor determines the form of the commemorative coins and special coins with the approval of the Supervisory Council and the Government (as noted in Section 43 of the Law). To that end, the Governor is assisted by the Committee for the Planning of Banknotes, Coins, and Commemorative Coins. The coins are made of silver or gold, and marketed to the public and to collectors in Israel and abroad through a marketing company.
In accordance with Section 43(a) of the Bank of Israel Law, 5770-2010, the marketing of commemorative coins, special coins, and other numismatic items issued by the Bank of Israel (hereinafter, “the coins”) shall be given to a company appointed by the Minister of Finance, with the consent of the Governor.
According to the provisions of low, Minister of Finance Moshe Kahlon, with the consent of the Governor Dr. Karnit Flug, appointed the Israel Coins and Medals Corporation Ltd. (corp. ID #510298573), together with the G.R.A.S. Designs and Combinations Ltd. (corp. ID #511567059) as a nonexclusive marketers of commemorative coins, special coins, and numismatic items issued by the Bank of Israel, that are legal tender in Israel.
If you would like to be appointed as a marketer of commemorative coins, you must fill in and submit the request forms available at the following link
Application Form for (Non-Exclusive) Approval to Market Commemorative Coins
With the submission of this form, including its appendices, the submitter (hereinafter, the applicant) declares its agreement with all the marketing approval terms and all other provisions of the application documents, including all the terms of the framework agreement (including its appendices) and the considerations taken into account when approving the request by the Ministry of Finance and the Bank of Israel and affirms that it has no reservations regarding them. The applicant declares that should its application be accepted and approved as noted above, it undertakes to act in accordance with the application documents and the framework agreement (including its appendices) and the attached as Part B, signed by the applicant and attached to the application documents. The applicant declares that it is known to it that in accordance with the provisions of the Bank of Israel Law, 5770-2010, the marketing of the coins is dependent on receipt of the approval of the Minister of Finance and the consent of the Governor, and this is over and above the applicant’s complying with the requirements of this form, including its appendices.