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2 New Sheqalim Education in Israel
| Issuer | Bank of Israel |
|---|---|
| Year | 2001 |
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| Value | 2 New Sheqalim |
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| Obverse description | The State Emblem of Israel — a menorah flanked by olive branches — is prominently displayed in the central field. The face value '2 New Sheqalim' appears in both Hebrew and English, while the issuer name 'Israel' is inscribed in Hebrew (ישראל), English, and Arabic (اسرائيل). A border legend in Hebrew and English reads 'Independence Day' alongside the dual-calendar date 2001/5761. On Silver Proof examples, the Hebrew letter 'Mem' (מ) serves as a mintmark. |
|---|---|
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| Reverse description | The central design features a stylized pomegranate, a traditional symbol in Jewish culture representing a person filled with knowledge and wisdom. Within the fruit, Stars of David evoke the values of Judaism and the history of the Jewish people, while letters of the alphabet in three languages and the numerals 1, 2, and 3 symbolize the foundations of learning. Surrounding motifs — including symbols of agriculture, archaeology, computers, electronic communications, and science — represent the fields of higher education in which Israel excels. An inscription along the left border reads 'EDUCATION IN ISRAEL' in both Hebrew and English. |
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| Additional information |
Israel's "Education" commemorative series has produced some of the more thoughtful coin programs to come out of the Bank of Israel, though by 2001 the series was well into its stride and this issue generated little controversy. The more interesting institutional story sits upstream: the New Sheqel itself was introduced in 1986 to replace the hyperinflation-ravaged old Sheqel at a rate of 1,000 to one, a redenomination made necessary by triple-digit annual inflation that peaked above 450% in 1984.
KM#345 is a relatively low-mintage proof issue, as is typical for Bank of Israel silver commemoratives of this period — most were sold directly to collectors and never entered general circulation.