| Old Israeli shekel | |
|---|---|
| שקל (Hebrew) شيقل (Arabic) |
|
| User(s) | Israel |
| Subunit | |
| 1/100 | new agora |
| Symbol | |
| Plural | shekalim |
| new agora | new agorot |
| Coins | 1, 5, 10 new agorot, ½, 1, 5, 10, 50, 100 shekalim |
| Banknotes | 1, 5, 10, 50, 100, 500, 1000, 5000, 10,000 shekalim |
| Central bank | Bank of Israel |
| Website | www.bankisrael.gov.il |
The old shekel (Hebrew: שקל, plural שקלים shekalim; Arabic: شيقل šīqal) was the currency of Israel between February 24, 1980, and December 31, 1985 until replaced by the Israeli new shekel at a ratio of 1000:1 on January 1, 1986. The old shekel was short-lived due to the high rates of inflation in Israel at the time. The old shekel was subdivided into 100 new agorot (אגורות חדשות). The shekel sign was .
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In 1980 the shekel replaced the lira at a rate of 1 shekel = 10 lira. After suffering from high inflation, the shekel was replaced by the new shekel in a process started in September 1985 at a rate of 1 new shekel = 1000 old shekalim.
In 1980, coins were introduced in denominations of 1, 5, and 10 new agorot and ½ shekel. 1 shekel coins were introduced in 1981, followed by 5 and 10 shekels pieces in 1982.
In 1980, banknotes were introduced in denominations of 1, 5, 10, 50 and 100 shekels.
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