Israeli new sheqel שקל חדש (Hebrew) شيقل جديد (Arabic)
1 sheqel coin
ISO 4217 Code	ILS
User(s)	Israel, The West Bank, Gaza Strip
Inflation	-0.1%
Source	The World Factbook, 2006
Subunit
1/100	agora
Symbol	₪
Plural	sheqalim or shekalim
agora	agorot
Coins	5, 10 agorot, ½, 1, 2, 5, 10 new sheqalim
Banknotes	20, 50, 100, 200 new sheqalim
Central bank	Bank of Israel
Website	www.bankisrael.gov.il

The new sheqel - (Hebrew: שקל חדש, shekel hadash, abbr. NIS; symbol: ₪; also spelled shekel; pl. shqalim or shkalim - שקלים) is the currency of Israel. It replaced the sheqel in 1985 at a rate of 1000 sheqels = 1 new sheqel. The ISO 4217 code is ILS. The new sheqel is divided into 100 agorot (אגורות) (sing. agora, Hebrew: אגורה) Image File history File links Size of this preview: 800 × 341 pixelsFull resolution (972 × 414 pixels, file size: 511 KB, MIME type: image/png) Israeli New Sheqel Reverse is based on ancient coin, and has Aramaic name of Judea (יהד) in ancient script. ... Map of the West Bank. ... The agora (אגורה, plural agorot) is a denomination of the currency of Israel. ... ₪ ₪ is a currency sign that is used for the Israeli new sheqel currency which replaced the Israeli sheqel in 1985. ... Look up plural in Wiktionary, the free dictionary. ... The agora (אגורה, plural agorot) is a denomination of the currency of Israel. ... Headquarters Jerusalem, Israel Governor Stanley Fischer Central Bank of Israel Currency New Israeli Shekel ISO 4217 Code ILS Base borrowing rate 3. ... “Hebrew” redirects here. ... The sheqel was the currency of Israel between 1980 and 1985. ... ISO 4217 is the international standard describing three letter codes (also known as the currency code) to define the names of currencies established by the International Organization for Standardization (ISO). ... The agora (אגורה, plural agorot) is a denomination of the currency of Israel. ...

In Hebrew the new sheqel is usually abbreviated to ש"ח (pronounced shaḥ). The symbol for the new sheqel, ₪, is a combination of the first Hebrew letters of the words sheqel (ש) and ḥadash (ח). This symbol, however, proved unpopular, and the two-letter abbreviation is far more common in ads, price tags, etc. ₪ ₪ is a currency sign that is used for the Israeli new sheqel currency which replaced the Israeli sheqel in 1985. ... Shin (also spelled Å in or Sheen) is the twenty-first letter in many Semitic abjads, including Phoenician, Aramaic, Hebrew and Arabic (in abjadi order, 12th in modern order). ... or (also spelled Khet, Kheth, Chet, Cheth, Het, or Heth) is the reconstructed name of the eighth letter of the Proto-Canaanite alphabet, continued in descended Semitic alphabets as Phoenician , Syriac , Hebrew (also ) , Arabic (in abjadi order), and Berber . Heth originally represented a voiceless fricative, either pharyngeal , or velar (the...

Since January 1, 2003, the NIS has been a freely convertible currency. Since May 7, 2006 sheqel derivative trading has also been available on the Chicago Mercantile Exchange.^[1] This makes the sheqel one of only twenty or so world currencies for which there are widely-available currency futures contracts in the foreign exchange market. It is also a Hard Currency, with access available to it in almost any place in the world. is the 1st day of the year in the Gregorian calendar. ... Year 2003 (MMIII) was a common year starting on Wednesday of the Gregorian calendar. ... is the 127th day of the year (128th in leap years) in the Gregorian calendar. ... Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... Derivatives traders at the Chicago Board of Trade. ... President George W. Bush at the CME (March 6, 2001). ... In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a certain underlying instrument at a certain date in the future, at a specified price. ... The foreign exchange (currency or forex or FX) market exists wherever one currency is traded for another. ... It has been suggested that Soft currency be merged into this article or section. ...

The currency is not produced in Israel, as the country has no mint. Instead banknotes and coins are printed by the Korea Minting and Security Printing Corporation^{[citation needed]} in South Korea shipped to Israel. Korea Minting and Security Printing Corporation has started producing the coins for Israel since 2001 and ships them to Israel.^[2] A mint is a facility which manufactures coins for currency. ... Korea Minting and Security Printing Corporation(KOMSCO) is the mint of coins and printer of banknotes for the Bank of Korea. ...

Coins

In 1985, coins in denominations of 1, 5 and 10 agorot, ½ and 1 new sheqel were introduced. In 1990, 5 new sheqalim coins were introduced, followed by 10 new sheqalim in 1995. Production of 1 agora pieces ceased in 1991. In August 2006, a 2 new sheqalim coin was announced, to be introduced in the final quarter of 2007.^[3][2] Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ...

Circulation coins of the new sheqel are:

• Note that all dates on Israeli coins are given in the Hebrew calendar and are written in Hebrew numerals.
• ¹The Bank of Israel has asked that the 5 agorot be abolished, pending approval of the Israeli government^[5]

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Banknotes

In 1985, banknotes were introduced in denominations of 1, 5, 10, 20 and 50 NIS. The 1, 5 and 10 NIS notes used the same basic designs as the earlier 1000, 5000 and 10,000 sheqalim notes but with the denominations altered.

In 1986, 100 NIS notes were introduced, followed by 200 NIS notes in 1991. The 1, 5 and 10 NIS notes were later replaced by coins. A plan to issue a 500 NIS banknote, carrying the portrait of Yitzhak Rabin, was announced shortly after Rabin's assassination in 1995. However, due to low inflation rates, there is currently no need for such a banknote, and it is not expected to be issued in the foreseeable future. For other persons named Rabin, see Rabin (disambiguation). ... Year 1995 (MCMXCV) was a common year starting on Sunday (link will display full 1995 Gregorian calendar). ...

Notes currently in circulation are:

Moshe Sharett (Hebrew: משה שרת); born Moshe Shertok (Hebrew: משה שרתוק), (October 15, 1894 – July 7, 1965) was the second Prime Minister of Israel (1954-1955), serving for a little under two years between David Ben-Gurions two terms. ... Combatants Allied powers: China France Great Britain Soviet Union United States and others Axis powers: Germany Italy Japan and others Commanders Chiang Kai-shek Charles de Gaulle Winston Churchill Joseph Stalin Franklin Roosevelt Adolf Hitler Benito Mussolini Hideki Tōjō Casualties Military dead: 17,000,000 Civilian dead: 33,000... Tower and stockade is a term used to describe a massive settlement campaign by Zionist settlers in the British Mandate of Palestine between 1936 and 1939, during the Arab Uprising, when the establishment of new Jewish settlements was restricted by the mandatory authorities. ... Shmuel Yosef Agnon (Hebrew: שמואל יוסף עגנון; known as shay agnon, born Shmuel Yosef Czaczkes) (July 17, 1888 – February 17, 1970) was the first Hebrew writer to win the Nobel Prize in literature (1966). ... For other uses, see Jerusalem (disambiguation). ... The Temple Mount as it appears today. ... Yitzhak Ben-Zvi (November 24, 1884, Poltava, Ukraine - April 23, 1963, Jerusalem, Israel) was a historian, Labor Zionist leader, and the second and longest serving Israeli president (1952 - 1963). ... Interior of the Peki’in Synagogue The Peki’in Synagogue, located in the centre of Pekiin, Northern Israel, is said to have built into its walls two stones taken from the walls of the Jewish Temple in Jerusalem. ... Zalman Shazar (Shneiur Zalman Robshov) (24 November 1889 - October 5, 1974) was an author, poet and the third president of Israel (1963 - 1973). ... Safed (Hebrew: צְפַת, Tiberian: , Israeli: Tsfat, Ashkenazi: Tzfas; Arabic: صفد ; KJV English: Zephath) is a city in the North District in Israel. ...

See also

• Economy of Israel
• Sheqel sign

Israel has a diversified economy with substantial government ownership and a rapidly developing high-tech sector. ... ₪ ₪ is a currency sign that is used for the Israeli new sheqel currency which replaced the Israeli sheqel in 1985. ...

References

Year 2006 (MMVI) was a common year starting on Sunday of the Gregorian calendar. ... is the 96th day of the year (97th in leap years) in the Gregorian calendar. ... Year 2007 (MMVII) is the current year, a common year starting on Monday of the Gregorian calendar and the AD/CE era in the 21st century. ... is the 197th day of the year (198th in leap years) in the Gregorian calendar. ...

External links

• Bank of Israel catalogue of Israeli currency since 1948

• Don's World Coin Gallery - Israel
• Ron Wise's World Paper Money - Israel ^{Mirror site}
• Tables of Modern Monetary Systems by Kurt Schuler - Asia ^{Mirror site}
• The Global History of Currencies - Israel
• Global Financial Data currency histories table ( Microsoft Excel format)
• Exchange rates since 1948
• American Israel Numismatic Association
• Israel Government Coins and Medals Corporation

v • d • e Historical currencies of Israel
Main unit Palestinian pound May–August 1948 Israeli lira 1948–1980 Sheqel 1980–1985 New sheqel 1985–present Subunit 1/1000 = mil 1/1000 = pruta 1948–1960 1/100 = agora 1960–1980 1/100 = new agora 1/100 = agora