Legislation & Regulation

 

Section 4 of the Bank of Israel Law establishes that one of the Banks' functions is to regulate and guide the cash system of the economy. The Law's Chapter Seven: Banknotes and Coins details the powers of the Governor and of the Bank with regard to the currency.

 

 

 
 
 
 
Cancellation of banknotes and coins:
 
 
  • Cancellation of 1 agora coin as legal tender