Israel Government Coins and Medals Corporation

The Israel Government Coins and Medals Corporation (IGCMC) is a government-owned corporation that is responsible for the production and distribution of coins, medals, and other numismatic items in Israel. The corporation was established in 1951, and is based in Jerusalem. The IGCMC operates under the authority of the Bank of Israel and the Ministry of Finance.

The IGCMC is responsible for the production of all the coins used in Israel, including the shekel, the country’s official currency. The corporation also produces commemorative coins and medals to commemorate important events and figures in Israeli history. These items are often made of precious metals such as gold and silver and are sought after by collectors and investors.

The IGCMC plays an important role in promoting and preserving the history and culture of Israel through its numismatic items. The corporation regularly releases coins and medals that commemorate significant historical events and figures, such as the establishment of the state of Israel, and the anniversaries of important battles and wars.

The IGCMC also plays an important role in the country’s economy. The corporation’s coin production facilities are among the most advanced in the world, and it exports its numismatic items to other countries. The corporation also provides employment opportunities and contributes to the country’s economy through its manufacturing and distribution activities.

The IGCMC is governed by a board of directors, which is appointed by the Minister of Finance and the Governor of the Bank of Israel. The board is responsible for the overall direction and management of the corporation.

Overall, the Israel Government Coins and Medals Corporation (IGCMC) is a government-owned corporation that plays an important role in promoting and preserving the history and culture of Israel through its numismatic items. The corporation is also responsible for the production and distribution of coins, medals, and other numismatic items in Israel and it plays a significant role in the country’s economy.

Content updated 1/25/23

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