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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
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 weight of 11.5 grams per shekel in Israel during the monarchy. When used to pay labourers, recorded wages in the ancient world range widely.
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 ...
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 ...
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).
By Ali Sawafta. JERUSALEM (Reuters) - Israeli banks are refusing shekel cash transfers from Palestinian banks in the occupied West Bank in a move that could soon prevent Palestinians from ...
A shekel was first a unit of weight—very roughly 11 grams (0.39 oz)—and became currency in ancient Tyre and ancient Carthage, and then in ancient Israel under the Maccabees. Subcategories This category has only the following subcategory.