Old Israeli shekel

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Old Israeli shekel
שקל  (Hebrew)
شيقل  (Arabic)
Central bank Bank of Israel
 Website www.boi.org.il
User(s)  Israel
 1/100 new agora
Symbol Old Sheqel sign.svg
Plural sheqalim
new agora new agorot
Coins 1, 5, 10 new agorot, ½, 1, 5, 10, 50, 100 sheqalim
Banknotes 1, 5, 10, 50, 100, 500, 1000, 5000, 10,000 sheqalim
1 old Israeli sheqel coin

The old sheqel, known at the time as simply sheqel (Hebrew: שקל‎, plural שקלים sheqalim; Arabic: شيقلšīqal) was the currency of the State of Israel between 24 February 1980 and 31 December 1985 until replaced by the Israeli new sheqel at a ratio of 1000:1 on 1 January 1986. The old sheqel was short-lived due to the high rates of inflation in Israel at the time. The old sheqel was subdivided into 100 new agorot (אגורות חדשות). The sheqel sign was Old Sheqel sign.svg. The Israeli lira was used until 24 February 1980.


In 1980 the sheqel replaced the lira at a rate of 1 sheqel = 10 lira. After suffering from high inflation, the sheqel was replaced by the new sheqel in a process started in September 1985 at a rate of 1 new sheqel = 1000 old sheqalim. The old Israeli sheqels, both coins and printed banknotes, have long since been out of circulation and are no longer regarded as legal tender by the Bank of Israel.


In 1980, coins were introduced in denominations of 1, 5, and 10 new agorot and ½ sheqel. 1 sheqel coins were introduced in 1981, followed by 5 and 10 sheqels pieces in 1982.


In 1980, banknotes were issued in denominations of 1, 5, 10 and 50 sheqels, similar to banknotes issued in denominations of 10, 50, 100 and 500 lira.

Between 1980 and 1985 were issued values of 100, 500, 1000, 5000 and 10000 sheqel, and the banknotes from the value of 500 sheqel had their standardized size 138 x 76 mm.

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