5 agorot coin to be fazed out

The Bank of Israel recommendation was also prompted by a Dahaf Institute poll that indicated 80% of the public was in favor of taking the coin out of circulation.

The 5 agorot coin will gradually be taken out of circulation, the Knesset Finance Committee decided Tuesday. The Bank of Israel, on whose recommendation the committee made its decision, is expected to save NIS 1.7m., since minting the coin costs 16 agorot, more than three times its value. The Bank of Israel recommendation was also prompted by a Dahaf Institute poll that indicated 80% of the public was in favor of taking the coin out of circulation.