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The original shekel, now known as the old shekel, was the currency of the State of Israel between 24 February 1980 and 31 December 1985. Both it and its predecessor, the Israeli pound, experienced frequent devaluations against foreign currencies during the 1960s and 1970s.
The old Israeli shekel, then known as the shekel (Hebrew: שקל, formally sheqel, pl. שקלים, Sheqalim; Arabic: شيكل, šēkal, formerly Arabic: شيقل, šēqal until 2014; code ILR), was the currency of the State of Israel between 24 February 1980 and 31 December 1985.
The shekel (sheqel in direct transcription) replaced the Israeli pound (Hebrew: לִירָה, lira) in 1980. Its currency symbol was , although it was more commonly notated as ש or IS. It was subdivided into 100 new agorot (אגורות חדשות). It was replaced in 1985 by the new shekel, due to hyperinflation.
28 Αυγ 2024 · The history of the shekel is fascinating, carrying both spiritual significance and economic value. In biblical times, it wasn’t merely money—it was a standard of weight, often used to measure precious metal, playing a crucial role in establishing value and ensuring fair commerce and trade.
The sheqel (plural: sheqalim) is divided into 100 agorot. Israel’s current monetary system, based on the New Israeli Sheqel (NIS), was established in 1985, when the old sheqel was replaced at a rate of 1,000 old sheqalim to 1 new sheqel (NIS 1).
27 Φεβ 2024 · The official currency of Israel is the Israeli new shekel (ILS), which replaced the old Israeli pound in 1985. The shekel is abbreviated as “₪” and is divided into 100 agorot. The shekel is a relatively stable currency, and its exchange rate has remained relatively consistent in recent years.
The New Shekel or Israeli Shekel is the official currency of the State of Israel. The shekel is the name of money used in ancient times in the Bible and in places like the Land of Israel. People usually call the money simply "the shekel." The plural of shekel is shkalim. Shkalim are divided into 100 agorot.
