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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 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).
In 1980 the Israeli pound was replaced by the shekel at a rate of IL10 per IS 1. 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 ...
Israeli currency may refer to these items: Israeli new shekel, used from 1985 to the present; Old Israeli shekel, used from 1980 to 1985; Israeli pound, used from 1948 to 1980; Shekel, used by the United Monarchy of Israel and the Kingdom of Israel, as well as during the Great Revolt
Shekel from the First Jewish–Roman War with the legend לגאלת ציון, "To the redemption of Zion", [13] in Paleo-Hebrew script, at the Rockefeller Archeological Museum During the Second Temple period , it was customary among Jews to annually offer the half-Shekel into the Temple treasury, for the upkeep and maintenance of the Temple ...
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 currency (known as the old Israeli shekel) was replaced and renamed the Israeli new shekel at a rate of 1,000 old shkalim = 1 new shekel. In October 1985 Israel responded to a Palestinian terrorist attack in Cyprus by bombing the PLO headquarters in Tunis.
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 ...