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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 ... [...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] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
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