The ISRAELI NEW SHEKEL (Hebrew : שֶׁקֶל חָדָשׁ Sheqel
H̱adash ; Arabic : شيقل جديد shēqel jadīd; sign : ₪
; code : ILS), also known as simply the ISRAELI SHEKEL and formerly
known as the NEW ISRAELI SHEQEL (NIS), is the currency of
The currency sign for the new shekel ⟨ ₪ ⟩ is a combination of the first Hebrew letters of the words shekel ( ש ) and ẖadash ( ח ) (new). Alongside the shekel sign, the following abbreviations of NIS, ש" ח and ش.ج are also used commonly to denominate prices.
* 1 History
* 2 Coins
* 3 Banknotes
* 3.1 Series A (1985–1999) * 3.2 Series B (1999–present) * 3.3 Series C (2014–present)
* 4 Exchange rates * 5 See also * 6 References * 7 External links
The origin of the name "shekel " (שקל) is from the ancient
biblical currency by the same name.
From the formation of the modern State of
ISRAELI POUND (1952–1980)
Main article: Israeli pound
Israeli pound (לירה ישראלית) was the currency of the
During the 1960s, a debate over the non-Hebrew name of the Israeli
currency resulted in a law ordering the Minister of Finance to change
the name pound into a Hebrew name,
Main article: Old Israeli shekel
The shekel, now known as the old shekel, was the currency of the
NEW SHEKEL (1985–PRESENT)
Since the economic crisis of the 1980s and the subsequent
introduction of the new shekel in 1985, the Bank of
Since 1 January 2003, the new shekel has been a freely convertible currency . Since 7 May 2006, new shekel derivative trading has also been available on the Chicago Mercantile Exchange . This makes the new shekel one of only twenty or so world currencies for which there are widely available currency futures contracts in the foreign exchange market . It is also a currency that can be exchanged by consumers in many parts of the world. On 26 May 2008, CLS Bank International announced that it would settle payment instructions in new shekels, making the currency fully convertible . Since 20 March 2003, the new shekel has gained more than 30% in value against the US dollar .
In 1985, coins in denominations of 1 agora, 5 and 10 agorot and ₪½ and ₪1 were introduced. In 1990, ₪5 coins were introduced, followed by ₪10 coins in 1995. Production of 1 agora pieces ceased in 1990, and they were removed from circulation on 1 April 1991. A ₪2 coin was introduced on 9 December 2007. The 5 agora coin, last minted in 2006, was removed from circulation on 1 January 2008.
In April 2011, it was reported that new coins would be minted that
would use less metal and thus lower costs. Counterfeiting would also
be harder. The Bank of
DIAMETER THICKNESS MASS COMPOSITION EDGE OBVERSE REVERSE ISSUE WITHDRAWAL
1 agora 17 mm 1.2 mm 2 g Aluminium bronze 92% copper 6% aluminium 2% nickel Smooth Ancient galley , the state emblem , "Israel" in Hebrew , Arabic and English Value, date 4 September 1985 1 April 1991
5 agorot 19.5 mm 1.3 mm 3 g Replica of a coin from the fourth year of the war of the Jews against Rome depicting a lulav between two etrogim , the state emblem , "Israel" in Hebrew , Arabic and English 1 January 2008
Replica of a coin issued by
Antigonus II Mattathias
Core: 16 mm 2.2 mm
For table standards, see the coin specification table .
* Note that all dates on Israeli coins are given in the Hebrew calendar and are written in Hebrew numerals .
SERIES A (1985–1999)
Beginning on 4 September 1985, banknotes were introduced in denominations of ₪5, ₪10, and ₪50. An ₪1 note followed on 8 May 1986 and the ₪20 note issued on 2 April 1988 completed the family. The ₪1, ₪5 and ₪10 notes used the same basic designs as the earlier IS 1000, 5000, and 10 000 notes but with the denominations altered.
In 1986, ₪100 notes were introduced, followed by ₪200 notes in 1991. The ₪1, ₪5 and ₪10 notes were later replaced by coins. A plan to issue an ₪500 banknote, carrying the portrait of Yitzhak Rabin , was announced shortly after Rabin's assassination in 1995. However, due to low inflation rates, there was no need for such a banknote and it was never issued.
IMAGE VALUE DIMENSIONS COLOUR OBVERSE REVERSE DATE OF ISSUE DATE OF WITHDRAWAL
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