In consultation with the Advisory Council, and with the approval of the Minister of Finance, the Governor determines the form, content, and other details of banknotes and coins. Ordering Banknotes and Coins Correctly forecasting the demand for banknotes and coins, and planning the ordering and supply by means of international tenders, enable maximum savings to be made in stockholding costs and the inevitable expenses incurred in every order. Banknotes are printed and coins minted abroad, since the requirements of Israel's economy do not justify establishing a printing press or mint in Israel. Storage When they arrive from abroad, banknotes and coins are stored in the vaults of the Bank of Israel, requiring strict transportation arrangements, rigorous security, and meticulous control checks. Supply of Cash Cash is supplied to the public via the commercial banks, which order the required quantities from the Bank of Israel in accordance with deposits and withdrawals made by the public.
Coins undergo a similar process.
The Bank issues commemorative coins annually and for special occasions. The Bank of Israel has a large collection of new and old banknotes and coins, some of which are on display in the exhibition entitled Legal Tender in the Bank's premises in Jerusalem. The exhibition and numismatic display are very popular with groups of schoolchildren, soldiers, tourists, and other visitors.