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The old Israeli shekel, , in circulation between 1980 and 1985, had a different symbol, which was officially announced on 18 March 1980. [3] Before the introduction of the old shekel in 1980, there was no special symbol for the Israeli currency. It was a stylized Shin shaped like a cradle (i.e. rounded and opening upward).
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 (ש ) and ẖadash (ח ) (new). When the shekel sign is unavailable the abbreviation NIS (ש״ח and ش.ج) is used.
Shekel came into the English language via the Hebrew Bible, where it is first used in Genesis 23. The term "shekel" has been used for a unit of weight, around 9.6 or 9.8 grams (0.31 or 0.32 ozt), used in Bronze Age Europe for balance weights and fragments of bronze that may have served as money. [2]
Israeli currency may refer to these items: . Israeli new shekel, used from 1985 to the present; Old Israeli shekel, used from 1980 to 1985; Israeli pound, used from 1948 to 1980
The coins were the size of a modern Israeli half-shekel and were issued by Tyre, in that form, between 126 BC and AD 56. Earlier Tyrian coins with the value of a tetradrachm, bearing various inscriptions and images, had been issued from the second half of the fifth century BC.
The old shekel was short-lived due to its hyperinflation. The old shekel was subdivided into 100 new agorot (אגורות חדשות). The shekel sign was although it was more commonly denominated as S or IS. The Israeli old shekel replaced the Israeli pound (IL), which had been used until 24 February 1980, at the rate of IS 1 shekel to IL10.
This page was last edited on 11 November 2023, at 11:50 (UTC).; Text is available under the Creative Commons Attribution-ShareAlike 4.0 License; additional terms may apply.
The abbreviation provides an informative link to the Israeli new shekel article. {{ILS|123.45}} produces NIS 123.45 (with a space between the abbreviation and the value). {{ILS}} by itself produces NIS (simple currency abbreviation). The link to Israeli new shekel can be turned on and off using the link parameter.