Israel – "A decade for the Bank of Israel" silver coin given as a gift to Bank employees – rare

Israel – "A decade for the Bank of Israel" silver coin given as a gift to Bank employees – rare In 1954, the Israeli economy began to stabilize and the need was felt to establish a state-owned bank to manage the country’s currency system. This bank is designed to regulate the credit and banking system in accordance with the government’s economic policy, to issue the currency, to manage the country’s reserves, to maintain foreign exchange and gold reserves, and to represent the country in international financial institutions. The governor of the bank was determined to be the economic adviser to the government. The Bank of Israel was established by virtue of a special law approved by the Knesset on August 24, 1954. Face: Top, right – a pair of rays of abundance as it first appeared in Jewish beliefs on the backs of Hasmonean coins. On the left, below, is an inscription in four lines, "Ten years to the Bank of Israel." Back: "1954-1964"