Banknotes and Coins

The Bank of Israel holds the sole legal authority to issue currency, meaning legal tender, in Israel. The Currency Department’s responsibilities include the issuance of currency and the regulation and guidance of the currency system, ensuring the orderly supply of cash to the economy in accordance with demand and supply.

Currency in circulation consists of banknotes and coins issued by the Bank of Israel that are held by the public and in banking corporations’ vaults, and it is a recorded by the Bank of Israel as a liability on its financial statements.

Circulation data are presented at a monthly frequency for month-end data, segmented by the various denominations of banknotes and coins.