The Knesset Finance Committee on Tuesday approved the privatization of the Israel Government Coins and Medal Corporation on request of the Government Companies Authority.
Under the terms of the approval, the corporation will be sold to an investor or group of investors in Israel or abroad. The corporation, which is responsible for printing the country's legal tender of coins and notes in the country was established in 1961 by then Prime Minister Ben-Gurion and has remained under the full ownership of the government ever since.
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