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The old Israeli shekel, , in circulation between 1980 and 1985, had a different symbol, which was officially announced on 18 March 1980. [3] Before the introduction of the old shekel in 1980, there was no special symbol for the Israeli currency. It was a stylized Shin shaped like a cradle (i.e. rounded and opening upward).
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.
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.
The shekel sign (₪ ) is the currency sign for the Israeli currency (the Israeli new shekel), in the way $, £, and € exist for other currencies. The shekel sign, like the dollar sign $ , is usually placed to the left of the number (so ₪12,000 , rather than 12,000₪ ), but since Hebrew is written from right to left, the symbol ...
The image above depicts a unit of currency issued by the Bank of Israel. This design is copyrighted by the Bank of Israel, and its use is permitted by the bank under certain limitations: It is forbidden to print a two-sided reproduction of a banknote (i.e. in a way that makes the reproduction look like a genuine banknote).
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. Its currency symbol is ₪ , although it is often notated as ש״ח or NIS. It is subdivided into 100 agorot.
Israeli banks are refusing shekel cash transfers from Palestinian banks in the occupied West Bank in a move that could soon prevent Palestinians from accessing vital goods and services ...
The commemorative coins issued by the Bank of Israel are struck in gold and silver. The 1 New Shekel and 2 New Shekel Coins are struck in silver, while the 5, 10 and 20 New Shekels (and small size 1 New Shekel) are struck in gold. In 2010, the Bank of Israel issued the first Israeli Bullion Coin in a Series entitled "Jerusalem of Gold".