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The new subdivision of the shekel was named agora ẖadaša ("new agora"). There were 100 new agorot in 1 shekel. The high rate of inflation in Israel in the early 1980s forced the Israeli government to change the Israeli currency once again in 1985. The new shekel was introduced at a rate of 1000 S per 1 NS. The name agora was used once again ...
The old shekel was subdivided into 100 new agorot (אגורות חדשות). The shekel sign was although it was more commonly denominated as S or IS. As of December 2024 this symbol does not exist in Unicode. The Israeli old shekel replaced the Israeli pound (IL), which had been used until 24 February 1980, at the rate of IS 1 shekel to IL10.
Shekel came into the English language via the Hebrew Bible, where it is first used in Genesis 23. The term "shekel" has been used for a unit of weight, around 9.6 or 9.8 grams (0.31 or 0.32 ozt), used in Bronze Age Europe for balance weights and fragments of bronze that may have served as money. [2]
The new shekel has been in use since 1 January 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1. The currency sign for the new shekel ₪ is a combination of the first Hebrew letters of the words shekel (ש ) and ẖadash (ח ) (new). When the shekel sign is unavailable the abbreviation NIS (ש״ח and ش.ج) is used.
From earliest Sumerian times, a mina was a unit of weight. At first, talents and shekels had not yet been introduced. By the time of Ur-Nammu (shortly before 2000 BCE), the mina had a value of 1 ⁄ 60 talent as well as 60 shekels.
The law allowed the minister to decide on the date for the change. The law came into effect in February 1980, when the Israeli government introduced the 'Israeli shekel' (now called old Israeli shekel), at a rate of IL 10 = IS 1. On 1 January 1986, the old shekel was replaced by the Israeli new shekel at a ratio of IS 1,000 : ₪1.
The Shekel sign, however, is not engraved on most keyboards sold in Israel and the sign is rarely used in day-to-day typing. On systems with the Hebrew keyboard layout set, it can be typed on modern [a] Microsoft Windows, desktop Linux and ChromeOS by using AltGr+4. (⇧ Shift+4 makes the dollar sign and AltGr+A is used to type shva.)
The abbreviation provides an informative link to the Israeli new shekel article. {{ILS|123.45}} produces NIS 123.45 (with a space between the abbreviation and the value). {{ILS}} by itself produces NIS (simple currency abbreviation). The link to Israeli new shekel can be turned on and off using the link parameter.