New Israeli Shekel
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New Israeli Shekel
The new Israeli shekel ( he, שֶׁקֶל חָדָשׁ '; ar, شيكل جديد ; sign: ₪; ISO code: ILS; abbreviation: NIS), also known as simply the Israeli shekel ( he, שקל ישראלי, ar, شيكل إسرائيلي), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 agorot. 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'' () and ''ẖadash'' () (new). When the shekel sign is unavailable the abbreviation ''NIS'' ( and ) is used. History The origin of the name "shekel" () is from the ancient Biblical currency by the same name. An early Biblical reference is Abraham being reported to pay "four hundred shekels of silver" to Ephron the Hittite for the Cave of the Patriarc ...
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Israeli Agora
The agora (; plural agorot ; he, אגורה, . , ') is a Denomination (currency), denomination of the currency of Israel. The Israeli currency – the Israeli new shekel, new Israeli shekel (NIS)– is divided into 100 agorot. History The name ''agora'' refers to the subunits of three distinct Israeli currencies. This name was used for the first time in 1960, when the Israeli government decided to change the subdivision of the Israeli pound ( he, לירה, ''lira'') from 1,000 Israeli pruta, prutah to 100 agorot due to the currency's depreciation. The name was suggested by the Academy of the Hebrew Language, and was borrowed from the Hebrew Bible: The term "piece of silver" appears in Hebrew as "''agorat kessef''". In 1980 the Israeli pound was replaced by the Old Israeli shekel, 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 ...
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Currency
A currency, "in circulation", from la, currens, -entis, literally meaning "running" or "traversing" is a standardization of money in any form, in use or circulation as a medium of exchange, for example banknotes and coins. A more general definition is that a currency is a ''system of money'' in common use within a specific environment over time, especially for people in a nation state. Under this definition, the British Pound Sterling (£), euros (€), Japanese yen (¥), and U.S. dollars (US$)) are examples of (government-issued) fiat currencies. Currencies may act as stores of value and be traded between nations in foreign exchange markets, which determine the relative values of the different currencies. Currencies in this sense are either chosen by users or decreed by governments, and each type has limited boundaries of acceptance - i.e. legal tender laws may require a particular unit of account for payments to government agencies. Other definitions of the term "curren ...
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Troy Ounce
Troy weight is a system of units of mass that originated in 15th-century England, and is primarily used in the precious metals industry. The troy weight units are the grain, the pennyweight (24 grains), the troy ounce (20 pennyweights), and the troy pound (12 troy ounces). The troy grain is equal to the grain unit of the avoirdupois system, but the troy ounce is heavier than the avoirdupois ounce, and the troy pound is lighter than the avoirdupois pound. One troy ounce (oz t) equals exactly 31.1034768 grams. Etymology Troy weight probably takes its name from the French market town of Troyes where English merchants traded at least as early as the early 9th century. The name ''troy'' is first attested in 1390, describing the weight of a platter, in an account of the travels in Europe of the Earl of Derby. Charles Moore Watson (1844–1916) proposes an alternative etymology: ''The Assize of Weights and Measures'' (also known as ), one of the statutes of uncertain date from the re ...
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Gram
The gram (originally gramme; SI unit symbol g) is a Physical unit, unit of mass in the International System of Units (SI) equal to one one thousandth of a kilogram. Originally defined as of 1795 as "the absolute weight of a volume of pure water equal to Cube (algebra), the cube of the hundredth part of a metre [1 Cubic centimetre, cm3], and at Melting point of water, the temperature of Melting point, melting ice", the defining temperature (~0 °C) was later changed to 4 °C, the temperature of maximum density of water. However, by the late 19th century, there was an effort to make the Base unit (measurement), base unit the kilogram and the gram a derived unit. In 1960, the new International System of Units defined a ''gram'' as one one-thousandth of a kilogram (i.e., one gram is Scientific notation, 1×10−3 kg). The kilogram, 2019 redefinition of the SI base units, as of 2019, is defined by the International Bureau of Weights and Measures from the fixed numeric ...
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Grain (unit)
A grain is a unit of measurement of mass, and in the troy weight, avoirdupois, and apothecaries' systems, equal to exactly milligrams. It is nominally based upon the mass of a single ideal seed of a cereal. From the Bronze Age into the Renaissance, the average masses of wheat and barley grains were part of the legal definitions of units of mass. Expressions such as "thirty-two grains of wheat, taken from the middle of the ear" appear to have been ritualistic formulas, essentially the premodern equivalent of legal boilerplate. Another source states that it was defined such that 252.458 units would balance of distilled water at an ambient air-water pressure and temperature of and respectively. Another book states that Captain Henry Kater, of the British Standards Commission, arrived at this value experimentally. The grain was the legal foundation of traditional English weight systems, and is the only unit that is equal throughout the troy, avoirdupois, and apothecaries' sys ...
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Ancient Israel
The history of ancient Israel and Judah begins in the Southern Levant during the Late Bronze Age and Early Iron Age. "Israel" as a people or tribal confederation (see Israelites) appears for the first time in the Merneptah Stele, an inscription from ancient Egypt that dates to about 1208 BCE. According to modern archaeology, ancient Israelite culture developed as an outgrowth from the Canaanites. Two related Israelite polities known as the Kingdom of Israel and the Kingdom of Judah had emerged in the region by Iron Age II. According to the Hebrew Bible, a "United Monarchy" (consisting of Israel and Judah) existed as early as the 11th century BCE, under the reigns of Saul, David, and Solomon; the country later would have split into two separate kingdoms: Israel (containing the cities of Shechem and Samaria) in the north and Judah (containing Jerusalem and the Jewish Temple) in the south. The historicity of the United Monarchy is debated as there are no archaeological remai ...
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Cave Of The Patriarchs
, alternate_name = Tomb of the Patriarchs, Cave of Machpelah, Sanctuary of Abraham, Ibrahimi Mosque (Mosque of Abraham) , image = Palestine Hebron Cave of the Patriarchs.jpg , alt = , caption = Southern view of the complex, 2009 , map_type = West Bank#Palestine , map_alt=Map showing the location of the Cave of the Patriarchs within the West Bank and the State of Palestine , map_size = 220 , location = Hebron (Palestinian Territories) , region = West Bank , coordinates = , type = Tomb, mosque, synagogue , part_of = , length = , width = , area = , height = , builder = , material = , built = , abandoned = , epochs = , cultures = Hebrew, Byzantine, Ayyubid, Crusader, Ottoman , dependency_of = , occupants =Abraham , event = , excavations = , archaeologists = , condition = , ownership = , public_access = , website = , notes = , image_size=250px, map_caption=Location within the West Bank##Location within the State of Pa ...
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Ephron The Hittite
Ephron is a Jewish surname. Notable people with the surname include: * Ephron (biblical figure), Hittite who sold a cave to Abraham according to the Bible *A family of American writers: ** Henry Ephron (1911–1992), father ** Phoebe Ephron (1914–1971), mother ** Amy Ephron (born 1952), daughter ** Delia Ephron (born 1944), daughter ** Hallie Ephron (born 1948), daughter, sometimes writes as G. H. Ephron ** Nora Ephron (1941–2012), daughter *Theron Ephron Catlin (1878–1960), American politician from Missouri See also * Efron Efron is a Jewish surname. It is taken from the Biblical place name, he, עפרון. Another version to it is the demonym Efroni (). Notable people with the surname include: * Bradley Efron (born 1938), American statistician * Edith Efron (1922 ... {{surname, Ephron Hebrew-language surnames Jewish surnames Yiddish-language surnames ...
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Shekel
Shekel or sheqel ( akk, 𒅆𒅗𒇻 ''šiqlu'' or ''siqlu,'' he, שקל, plural he, שקלים or shekels, Phoenician: ) is an ancient Mesopotamian coin, usually of silver. A shekel was first a unit of weight—very roughly —and became currency in ancient Tyre and ancient Carthage and then in ancient Israel under the Maccabees. Name The word is based on the Semitic verbal root for "weighing" (''Š-Q-L''), cognate to the Akkadian or , a unit of weight equivalent to the Sumerian . Use of the word was first attested in during the Akkadian Empire under the reign of Naram-Sin, and later in in the Code of Hammurabi. The ''Š-Q-L'' root is found in the Hebrew words for "to weigh" (), "weight" () and "consideration" (). It is cognate to the Aramaic root ''T-Q-L'' and the Arabic ''root Θ-Q-L'' ''ثقل'', in words such as (the weight), (heavy) or (unit of weight). The famous writing on the wall in the Biblical Book of Daniel includes a cryptic use of the word in Aram ...
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Hebrew Letters
The Hebrew alphabet ( he, אָלֶף־בֵּית עִבְרִי, ), known variously by scholars as the Ktav Ashuri, Jewish script, square script and block script, is an abjad script used in the writing of the Hebrew language and other Jewish languages, most notably Yiddish, Ladino, Judeo-Arabic, and Judeo-Persian. It is also used informally in Israel to write Levantine Arabic, especially among Druze. It is an offshoot of the Imperial Aramaic alphabet, which flourished during the Achaemenid Empire and which itself derives from the Phoenician alphabet. Historically, two separate abjad scripts have been used to write Hebrew. The original, old Hebrew script, known as the paleo-Hebrew alphabet, has been largely preserved in a variant form as the Samaritan alphabet. The present "Jewish script" or "square script", on the contrary, is a stylized form of the Aramaic alphabet and was technically known by Jewish sages as Ashurit (lit. "Assyrian script"), since its origins were alleged ...
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Currency Sign
A currency symbol or currency sign is a graphic symbol used to denote a currency unit. Usually it is defined by the monetary authority, like the national central bank for the currency concerned. In formatting, the symbol can use various formattings: before, between or after the numeric amounts: , and , for example; this positioning is determined by national convention. The symbol is not defined or listed by ISO 4217: that only assigns three-letter codes to currencies (like for Azerbaijani manat) and special cases like gold and silver ( and respectively) that are used as financial instruments. Usage When writing currency amounts, the location of the symbol varies by language. Many currencies in English-speaking countries and Latin America (except Haiti) place it before the amount (e.g., R$50,00). The Cape Verdean escudo (like the Portuguese escudo, to which it was formerly pegged) places its symbol in the decimal separator position (e.g. 20$00). Banco de Cabo Verde.Moedas." ...
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Hyperinflation
In economics, hyperinflation is a very high and typically accelerating inflation. It quickly erodes the real value of the local currency, as the prices of all goods increase. This causes people to minimize their holdings in that currency as they usually switch to more stable foreign currencies. When measured in stable foreign currencies, prices typically remain stable. Unlike low inflation, where the process of rising prices is protracted and not generally noticeable except by studying past market prices, hyperinflation sees a rapid and continuing increase in nominal prices, the nominal cost of goods, and in the supply of currency. Typically, however, the general price level rises even more rapidly than the money supply as people try ridding themselves of the devaluing currency as quickly as possible. As this happens, the real stock of money (i.e., the amount of circulating money divided by the price level) decreases considerably.Bernholz, Peter 2003, chapter 5.3 Almost all ...
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