Old Israeli shekel

The old Shekel, known at the time as the Shekel (Hebrew: שקל‎‎, formally Sheqel, pl. שקלים, Sheqalim; Arabic: شيقل‎‎, šīqal) was the currency of the State of Israel between 24 February 1980 and 31 December 1985. It was replaced by the Israeli New Shekel at a ratio of 1000:1 on 1 January 1986. The old Shekel was short-lived due to its hyperinflation. The old Shekel was subdivided into 100 New Agorot (אגורות חדשות). The shekel sign was , although it was more commonly denominated as S or IS. The Israeli Shekel replaced the Israeli pound which was used until 24 February 1980.

Old Israeli shekel

The old Shekel, known at the time as the Shekel (Hebrew: שקל‎‎, formally Sheqel, pl. שקלים, Sheqalim; Arabic: شيقل‎‎, šīqal) was the currency of the State of Israel between 24 February 1980 and 31 December 1985. It was replaced by the Israeli New Shekel at a ratio of 1000:1 on 1 January 1986. The old Shekel was short-lived due to its hyperinflation. The old Shekel was subdivided into 100 New Agorot (אגורות חדשות). The shekel sign was , although it was more commonly denominated as S or IS. The Israeli Shekel replaced the Israeli pound which was used until 24 February 1980.