The Bank of Israel published a response on proposals concerning the NIS 200 banknote, stating that cancellation of any banknote is not under discussion and that the NIS 200 note will continue to be used as normal. It reiterated that, by law, the authority to cancel banknotes rests with the Governor, but that no sufficiently established professional justification has been presented to him to cancel any banknote. The Bank said suggestions raised by various sources do not meet minimal professional standards, have not been properly presented or coordinated with the Bank, and have a nonexistent likelihood of implementation. As a result, the Governor has no intention of using his authority to cancel any banknote or change the mix of banknotes in circulation.
Bank of Israel 2025-04-28
Bank of Israel rules out cancelling the NIS 200 banknote
The Bank of Israel confirmed that the NIS 200 banknote will remain in circulation, as no professional justification has been presented to the Governor to warrant its cancellation. Suggestions to cancel the note lack proper presentation and coordination with the Bank and are unlikely to be implemented.