Israel to replace worn out shekel notes in Gaza Strip

August 19, 2008 08:24

Israel has agreed to replace worn out shekel notes worth NIS 3 million for the first time since Hamas seized power in the Gaza Strip. On Monday, Brinks Company trucks will collect the notes, which will be replaced by the Bank of Israel. Israel is replacing the older notes to prevent the Palestinians from establishing an independent currency. Israeli officials stressed Monday morning that move was not a new money delivery to the Hamas government, but rather a technical replacement, Army Radio reported. The new notes are slated to be delivered back to Gaza on Friday after the old notes are checked for forgeries.

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