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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]
1 shekel = 24 giru; 1 mina = 60 shekels (later 100 zuz) 1 talent = 60 mina; In the Israelite system, the ratio of the giru to the shekel was altered, and the talent, mina, and giru, later went by the names kikkar (ככר), litra, and gerah (גרה), respectively; litra being the Greek form of the Latin libra, meaning pound.
It is believed by numismatists that these coins were fractions of a shekel. The smaller of these coins also has the depiction of a chalice, together with symbols of the Jewish harvest festival of Sukkot , a lulav and etrog , and the date and inscription "For the Redemption of Zion".
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.
"He calculated the average (modal) weights of five different varieties of Yehud coins and found that some conform to the gerah and half gerah of the Persic weight standard (divisions of the shekel or Persic stater of c. 11.4 g, weighing 0.48 g and 0.255 g, respectively), while others conform to the hemiobol and quarter obol of the Attic weight ...
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.
Fraction A centesimal subdivision of the US dollar, the Canadian dollar and the Mexican peso: U+00A2 ... shekel Israeli new shekel: U+20AA ...