Bank of Israel sues over counterfeit shekel bills

The suit claims the defendants conspired to commit a series of crimes involving the manufacture and forging of banknotes.

By REUTERS
May 9, 2018 13:46
1 minute read.
money

Shekel money bills. (photo credit: REUTERS)

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analysis from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later

JERUSALEM - Israel is suing two people for violating the Bank of Israel's copyright when they forged shekel bills, the Justice Ministry and Bank of Israel said.

The suit claims the defendants conspired to commit a series of crimes involving the manufacture and forging of banknotes. It noted that they worked for a number of months to create fake 200 shekel bills worth tens of thousands of shekels.

They were convicted last year of that crime and were fined but the central bank filed a suit, the first of its kind in Israel, as a continuation of criminal proceedings to indemnify it for damages caused as a result of the defendants' actions. It is seeking 400,000 shekels ($111,015), the ministry said in a statement.

"The suit will send a clear and deterring message that in addition to criminal law, counterfeiters will also face civil lawsuits for significant amounts," the Bank of Israel said in a separate statement.

"The security features on the new series of banknotes were created with advanced technology and are among the best in the world," it said. "Counterfeiters have so far been unsuccessful in any attempt to mimic the security features."

Join Jerusalem Post Premium Plus now for just $5 and upgrade your experience with an ads-free website and exclusive content. Click here>>

Related Content

The fair aimed to help ultra-Orthodox looking for jobs after their army service.
July 23, 2019
The Silent Revolution: Mossad, Israeli police recruit Haredi IDF veterans

By ANNA AHRONHEIM

Cookie Settings