Old Israeli shekel
|Old Israeli shekel|
|Central bank||Bank of Israel|
|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|
The old shekel, known at the time as simply shekel (Hebrew: שקל, plural שקלים shekalim; Arabic: شيقل šīqal) was the currency of the State of Israel between 24 February 1980 and 31 December 1985 until replaced by the Israeli new shekel at a ratio of 1000:1 on 1 January 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 . The Israeli lira was used until 24 February 1980.
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. The old Israeli shekels, 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 shekel. 1 shekel coins were introduced in 1981, followed by 5 and 10 shekels pieces in 1982.
In 1980, banknotes were issued in denominations of 1, 5, 10 and 50 shekels, 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 shekel, and the banknotes from the value of 500 shekel had their standardized size 138 x 76 mm.
- Krause, Chester L., and Clifford Mishler (1991). Standard Catalog of World Coins: 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501.
- Pick, Albert (1994). Standard Catalog of World Paper Money: General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9.
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