Old Israeli shekel

Old Israeli shekel
שקל (Hebrew) شيقل (Arabic)
User(s)	Israel
Subunit
1/100	new agora
Symbol
Plural	shekalim
new agora	new agorot
Coins	1, 5, 10 new agorot, ½, 1, 5, 10, 50, 100 shekalim
Banknotes	1, 5, 10, 50, 100, 500, 1000, 5000, 10,000 shekalim
Central bank	Bank of Israel
Website	www.bankisrael.gov.il

1 old Israeli shekel coin

The old shekel (Hebrew: שקל‎, plural שקלים shekalim; Arabic: شيقل‎ šīqal) was the currency of Israel between February 24, 1980, and December 31, 1985 until replaced by the Israeli new shekel at a ratio of 1000:1 on January 1, 1986. The old shekel was short-lived due to the high rates of inflation in Israel at the time. The old shekel was subdivided into 100 new agorot (אגורות חדשות). The shekel sign was .

History

In 1980 the shekel replaced the lira at a rate of 1 shekel = 10 lira. After suffering from high inflation, the shekel was replaced by the new shekel in a process started in September 1985 at a rate of 1 new shekel = 1000 old shekalim.

Coins

In 1980, coins were introduced in denominations of 1, 5, and 10 new agorot and ½ shekel. 1 shekel coins were introduced in 1981, followed by 5 and 10 shekels pieces in 1982.

Banknotes

In 1980, banknotes were introduced in denominations of 1, 5, 10, 50 and 100 shekels.

References

• Krause, Chester L. and Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed. ed.). Krause Publications. ISBN 0873411501. 
• Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9. 

External links

• Bank of Israel catalog of Israeli currency since 1948