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By law, only the Bank of Israel may issue currency in Israel (banknotes, coins,and commemorative and special coins). The quantity and value of banknotes and coins in circulation are affected by several factors, such as changes in he extent and number of transactions, the rate of inflation, and the use of checks, credit cards, and automated teller machines.
The main function of the Bank of Israel's Currency Department is to ensure a regular supply of banknotes and coins, in accordance with public demand.
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