The E-Sylum:  Volume 8, Number 8, February 20, 2005, Article 13

ISRAELI ONE-AGORA COIN DEMONETIZED

Dick Johnson writes: "When did the Bank of Israel demonitize
the 1 agora coin as legal tender? An article published this week
states how an Israeli pharmacy chain is rounding down (to the
next lowest 5 argot amount) instead of raising to the next highest
5 multiple."

Here's an excerpt from the article, published February 15:
"Retail chain SuperPharm yesterday announced the demise of
the 99-agorot cash register receipt. The chain will now only
round down for payment in cash, so charges that end in 96-99
agorot will be rounded down to 95 agorot.

Incidentally, SuperPharm receipts often end in 96-99 agorot,
as almost all products sold at the chain are priced to 99 agorot.

Until now, the retailer rounded payment up or down according
to the actual sum of the bill, following Bank of Israel instructions
since the 1 agora coin ceased being legal tender."

To read the full article, see: Full Story

  Wayne Homren, Editor

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