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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.
In 2022, the Bank of Israel announced a new series of coins featuring updated inscriptions for its coins, with "new shekels" replacing "new sheqalim". The 5 and 10 new shekel coins will be the first to feature the new inscriptions, and the 10 agorot and 1 ⁄ 2 new shekel coins will feature its unit names rendered in Arabic. [20]
There are coins of 10 and 50 agorot, though the 50 agorot coin bears the inscription: "1 ⁄ 2 New Shekel". The 1 agora coin was withdrawn from circulation on April 1, 1991 by the Bank of Israel, [3] as was the 5 agorot coin on January 1, 2008; in each case the value had shrunk to much less than the cost of production.
As with many ancient units, the shekel had a variety of values depending on the era, government and region; weights between 7 [6] and 17 grams and values of 11, [7] 14, and 17 grams are common. A two-shekel weight recently recovered near the temple area in Jerusalem and dated to the period of the First Temple weighs 23 grams, [ 8 ] giving a ...
1 shekel = 24 giru; 1 mina = 60 shekels (later 100 zuz) 1 talent = 60 mina; In the Israelite system, the ratio of the giru to the shekel was altered, and the talent, mina, and giru, later went by the names kikkar (ככר), litra, and gerah (גרה), respectively; litra being the Greek form of the Latin libra, meaning pound.
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".
Archaeologists found the hoard of about 160 of the coins during ongoing excavations in the Jordan Valley, which runs between the Israeli-occupied West Bank and the eastern border of Jordan.
In 1538 Guillaume Postel published the Samaritan alphabet, together with the first Western representation of a Hasmonean coin. [1] This predates publication of all known Canaanite and Aramaic inscriptions. Half Shekel coin issued by the Jewish rebels in 67–68 CE, note Paleo-Hebrew alphabet. Obverse: "Half Shekel Year 2". Reverse: "Jerusalem ...