Minister Gideon Sa'ar demands: Harm Hamas' economy with 200 shekel bills

Minister Gideon Sa'ar demands: Harm Hamas' economy with 200 shekel bills

Foreign Minister Gideon Sa'ar submits request to Bank of Israel Governor to revoke legal tender of 200 shekel bills in order to undermine Hamas' economy.

Striking Hamas in the wallet: Israel mulls scrapping 200-shekel bills

Israel’s Foreign Minister Gideon Sa’ar has formally requested that the Governor of the Bank of Israel, Prof. Amir Yaron, cancel the legal tender status of certain 200-shekel notes—aiming to undermine the financial base of Hamas in Gaza. According to Sa’ar, Hamas relies heavily on physical cash circulating in Gaza, estimated to amount to billions of shekels. A volunteer expert team assessed that approximately 80% of Hamas’ cash holdings are in th…

Earlier today (Thursday), Foreign Minister Gideon Sa'ar addressed the Governor of the Bank of Israel with a request that he bring about the denial of the financing ability of terrorist organizations, by canceling certain series of 200 NIS banknotes. A few minutes ago, the Bank of Israel responded to Sa'ar's claim and wrote that "cancelling the 200 NIS banknote is not on the agenda." They claim: "Despite raising the issue, the Governor has not be…

The Minister of Foreign Affairs appealed to the Governor of the Bank of Israel Prof. Amir Yaron with a request to cancel the NIS 200 banknotes, because it is estimated that about 80% of all Hamas cash is held in the form of these banknotes

The terrorist organization holds a huge amount of cash, estimated at about a billion dollars (about four billion shekels) • 80 percent of the cash - in 200 shekel bills • A senior security official explained the difficulty of canceling only the bills in Hamas' hands: "There is trade between Gaza and the West Bank - and the cash is also flowing into Israel."