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New Shekel
The new Israeli shekel ( he, שֶׁקֶל חָדָשׁ '; ar, شيكل جديد ; currency symbol, sign: Shekel sign, ₪; ISO 4217, 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 Israeli agora, agorot. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflation, hyperinflated Old Israeli shekel, 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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
