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In 2022, the Bank of Israel announced a new series of coins featuring updated inscriptions for its coins, with "new shekels" replacing "new sheqalim". The 5 and 10 new shekel coins will be the first to feature the new inscriptions, and the 10 agorot and 1 ⁄ 2 new shekel coins will feature its unit names rendered in Arabic. [20]
Both Israeli shekels are solely units of fiat currency, and not related to the weight of any precious metal. With the 2014 series of notes, the Bank of Israel abandoned the transcriptions Sheqel and Sheqalim in favor of the standard English forms Shekel and Shekels.
The newly minted silver coins included shekels, half-shekels, and quarter-shekels, each being labelled with the year of minting and their denomination. [ 2 ] and depict a chalice on the obverse with the year of the revolt above, surrounded by the ancient Hebrew inscription "Shekel of Israel".
The old Israeli shekel, then known as the shekel (Hebrew: שקל, formally sheqel, pl. שקלים, Sheqalim; Arabic: شيكل, šēkal, formerly Arabic: شيقل, šēqal until 2014; code ILR), was the currency of the State of Israel between 24 February 1980 and 31 December 1985.
[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. — Exodus 30:13 NRSV
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
Israel's economy has taken a hit since the Oct. 7, 2023, attack by Palestinian Hamas militants and the ensuing war in Gaza and on other fronts. ... ($1 = 3.6402 shekels) (Reporting by Emily Rose ...
[2] After the Roman Empire closed down the mint in Tyre, the Roman authorities allowed the Jewish rabbanim to continue minting Tyrian shekels in Judaea, but with the requirement that the coins should continue to bear the same image and text to avoid objections that the Jews were given autonomy. [3]