The E-Sylum:  Volume 10, Number 42, October 21, 2007, Article 19

NEW ISRAELI SHEQALIM COINS CAUSING BANKS PROBLEMS

Yossi Dotan writes: "Maariv, the daily Hebrew-language
newspaper, reported this week about a problem related to
the two new sheqalim copper-nickel circulation coins to
be issued later this year here in Israel. Their diameter
is 21.6 mm, compared to 22 mm for the 10 agorot
aluminum-bronze coins.

"The problem is that the banks' automatic coin counting
machines sort and count coins according to their size and
will be unable to differentiate between the two coins.
When the banks raised the problem with the Bank of Israel
it was already too late to make changes. They will now
have to replace all automatic machines, at a cost of $ 2.5
million. The new machines will sort the coins not only by
size but also by metal composition."

  Wayne Homren, Editor

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