From the Liveblog of
Thursday, April 24, 2025
Sa’ar: ‘Regrettable’ that Bank of Israel won’t consider proposal to cancel 200-shekel note
Lazar Berman is The Times of Israel's diplomatic reporter
After the Bank of Israel rejects his proposal to cancel the 200-shekel banknote in order to harm Hamas finances, Foreign Minister Gideon Sa’ar says it is “regrettable” that the central bank won’t even participate in a discussion of economic measures it could take against the Gaza terror group.
“After the Bank of Israel rejected a previous proposal to completely cancel the use of 200-shekel banknotes,” says Sa’ar, “the bank decided to reject a new and reasoned proposal to cancel the series of 200-shekel banknotes that was introduced into the Gaza Strip. This was done within a few minutes, without discussion and without any real explanation.”
He says the central bank is obligated to immediately examine any proposal relevant to the country’s security.
The Times of Israel Community.