Old Israeli shekel

Old Israeli shekel
Old Israeli shekel
שקל (Hebrew)
شيقل (Arabic)
User(s)  Israel
Subunit
1/100 new agora
Symbol Old Sheqel sign.svg
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: شيقلšīqal) 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 Old Sheqel sign.svg.

Contents

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

External links


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