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In 1985, coins in denominations of 1 agora, 5 agorot, 10 agorot, ₪ 1 ⁄ 2, and ₪1 were introduced. [13] In 1990, ₪5 coins were introduced, [14] followed by ₪10 coins in 1995. [15] Production of 1 agora pieces ceased in 1990, and they were removed from circulation on 1 April 1991. [citation needed] A ₪2 coin was introduced on 9 ...
As with many ancient units, the shekel had a variety of values depending on the era, government and region; weights between 7 [6] and 17 grams and values of 11, [7] 14, and 17 grams are common. A two-shekel weight recently recovered near the temple area in Jerusalem and dated to the period of the First Temple weighs 23 grams, [ 8 ] giving a ...
1 shekel = 24 giru; 1 mina = 60 shekels (later 100 zuz) 1 talent = 60 mina; In the Israelite system, the ratio of the giru to the shekel was altered, and the talent, mina, and giru, later went by the names kikkar (ככר), litra, and gerah (גרה), respectively; litra being the Greek form of the Latin libra, meaning pound.
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Inflationary pressure did not ease. By the end of 1980, the shekel had already lost about half of its value (US$1 = IS 7.55). In 1981, the value of Israeli currency continued to fall, reaching IS 15.60 per U.S. dollar at the end of the year. At the end of 1982, the exchange rate was IS 33.65 = US$1 and was falling still.
There are coins of 10 and 50 agorot, though the 50 agorot coin bears the inscription: "1 ⁄ 2 New Shekel". The 1 agora coin was withdrawn from circulation on April 1, 1991 by the Bank of Israel, [3] as was the 5 agorot coin on January 1, 2008; in each case the value had shrunk to much less than the cost of production.
At first, talents and shekels had not yet been introduced. By the time of Ur-Nammu (shortly before 2000 BCE), the mina had a value of 1 ⁄ 60 talent as well as 60 shekels. The weight of this mina is calculated at 1.25 pounds (0.57 kg), or 570 grams of silver (18 troy ounces). [1] [2]
In later centuries, the half-shekel was adopted as the amount of the Temple tax, although in Nehemiah 10:32–34 the tax is given as a third of a shekel. [2] This is what each one who is registered shall give: half a shekel according to the shekel of the sanctuary (the shekel is twenty gerahs), half a shekel as an offering to the Lord.