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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.
By August 1985, the exchange rate for one U.S. dollar reached IS 1500. The new Israeli shekel replaced the shekel following its hyperinflation and the enactment of the economic stabilization plan of 1985 which brought inflation under control. It became the currency of Israel on 4 September 1985, removing three zeros from the old notes. [4]
The word shekel is based on the triliteral Proto-Semitic root ṯql, cognate to the Akkadian šiqlu or siqlu, a unit of weight equivalent to the Sumerian gin2. [1] Use of the word was first attested in c. 2150 BC under the reign of Naram-Sin of Akkad, and later in c. 1700 BC in the Code of Hammurabi.
Israel's finance ministry said on Friday it would divert to the war effort some 1.6 billion shekels ($440 million) this year out of billions earmarked for parties in Prime Minister Benjamin ...
Writings from Ugarit give the value of a mina as equivalent to fifty shekels. [10] The prophet Ezekiel refers to a mina (maneh in the King James Version) also as 60 shekels, in the Book of Ezekiel 45:12. Jesus of Nazareth tells the "parable of the minas" in Luke 19:11–27, also told as the "parable of the talents" in Matthew 25:14–30.
The Tyrian shekels were considered tetradrachms by the Greeks, as they weighed four Athenian drachmas, about 14 grams [citation needed], more than earlier 11-gram shekels but regarded as equivalent for religious duties at that time. [4]
Abraham weighs out 400 shekels of silver (about 4.4 kg, or 141 troy oz) in order to buy land for a cemetery at Machpelah. (1728 illustration, based on Genesis 23) The Babylonian system, which the Israelites followed, measured weight with units of the talent, mina, shekel (Hebrew: שקל), and giru, related to one another as follows: 1 shekel ...
The talent was divided into 60 minas, each of which was subdivided into 60 shekels (following the common Mesopotamian sexagesimal number system). These weights were used subsequently by the Babylonians, Sumerians and Phoenicians, and later by the Hebrews. The Babylonian weights are approximately: shekel (8.4 g, 0.30 oz), mina (504 g, 1 lb 1.8 ...