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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.
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; Shekel, used by the United Monarchy of Israel and the Kingdom of Israel, as well as during the Great Revolt
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).
Although a significant weakening of the dollar over the last week has helped, Israel's shekel marked a remarkable comeback on Tuesday as it recouped the last of the 5% it lost in the days after ...
Israel's shekel dropped to its lowest level in more than three years on Thursday amid concerns that a judicial crisis besetting the country was deepening, with compromise efforts stalled and a key ...
Israeli banks are refusing shekel cash transfers from Palestinian banks in the occupied West Bank in a move that could soon prevent Palestinians from accessing vital goods and services ...
The law allowed the minister to decide on the date for the change. The law came into effect in February 1980, when the Israeli government introduced the 'Israeli shekel' (now called old Israeli shekel), at a rate of IL 10 = IS 1. On 1 January 1986, the old shekel was replaced by the Israeli new shekel at a ratio of IS 1,000 : ₪1.
Israeli new shekel; Old Israeli shekel; Y. Yehud coinage This page was last edited on 18 January 2020, at 19:03 (UTC). Text is available under the Creative ...