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| Israeli shekel | |
|---|---|
 New shekel banknotes (Current Series C) | |
| ISO 4217 | |
| Code | ILS |
| Denominations | |
| Subunit | |
| 1⁄100 | agora |
| Plural |
|
| agora |
|
| Symbol | ₪ |
| Banknotes | ₪20, ₪50, ₪100, ₪200 |
| Coins | 10 agorot, ₪1⁄2, ₪1, ₪2, ₪5, ₪10 |
| Demographics | |
| Date of introduction | 1 January 1986 |
| Replaced | Old Israeli shekel |
| Official user(s) |  Israel |
| Unofficial user(s) |  Palestinian Authority[1] |
| Issuance | |
| Central bank | Bank of Israel |
| Website | boi |
| Printer | Orell Füssli[2] |
| Mint | KOMSCO[3] |
| Valuation | |
| Inflation |  −0.59% (2020)  0.35% (2021 est.) |
| Source | Bank of Israel, Statista, April 2021 |
The New Shekel or Israeli Shekel (Script error: The function "langx" does not exist., he; Script error: The function "langx" does not exist.; sign: ₪; ISO code: ILS; unofficial abbreviation: NIS), also known as simply the Israeli shekel (Script error: The function "langx" does not exist.; Script error: The function "langx" does not exist.), is the official currency (money) of the State of Israel. The shekel is the name of money used in ancient times in the Bible and in places like the Land of Israel.
People usually call the money simply "the shekel." The plural of shekel is shkalim. Shkalim are divided into 100 agorot.
The shekel has its own special symbol: ₪. This comes from joining the first two letters of the words in Hebrew for New Shekel (ש"ח). In English, shekel can be written as NIS (standing for 'New Israeli Shekel').
History
The origin of the name "shekel" (שֶׁקֶל) is from the ancient Biblical currency by the same name. An early Biblical reference is Abraham being reported to pay "four hundred shekels of silver" to Ephron the Hittite for the Cave of the Patriarchs in Hebron (Genesis 23:15-16). Shekel is any of several ancient units of weight or of currency in ancient Israel, from the Hebrew root ש-ק-ל (š-q-l) meaning 'weigh' (שָׁקַל šaqal 'to weigh', שֶׁקֶל šeqel 'a standard weight'), common with other Semitic languages like Akkadian (resp. šaqālu and šiqlu)[4] and Aramaic (resp. תְּקַל teqal and תִּקְלָא tiqla).[5] Initially, it may have referred to a weight of barley. In ancient Israel, the shekel was known to be about 180 grains (11 grams or 0.35 troy ounces).
From the formation of the modern State of Israel on 14 May 1948 through 1952 banknotes continued to be issued by the Anglo-Palestine Bank as the Palestine pound which was pegged at £P1 = £1 sterling.[6] In 1952, the Anglo-Palestine Bank changed its name to Bank Leumi Le-Yisrael (National Bank of Israel) and the currency name became the Israeli pound.[7]
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- ↑ The State of Palestine lacks an official legal tender. According to Article 4 of the 1994 Paris Protocol, the Protocol allows the Palestinian Authority to adopt additional currencies. In the West Bank the Jordanian dinar is widely accepted and in the Gaza Strip the Egyptian pound is often used.
- ↑ "Israel lässt in Zürich Geld drucken". 20 Minuten. 27 April 2011.
- ↑ "S. Korea Makes Money by Making Money". Voice of America News. 2012-07-17. Retrieved 2020-03-13.
- ↑ "Search Entry".
- ↑ "Jastrow, תִּקְלָא".
- ↑ One Palestine Pound, IL: Bank of Israel, archived from the original on 27 April 2006 Unknown parameter
|url-status=ignored (help) - ↑ One Israeli Pound, IL: Bank of Israel, archived from the original on 27 September 2007 Unknown parameter
|url-status=ignored (help)
