Old Israeli shekel

(Old) Israeli shekel
IS
IS 1000 banknote (obverse and reverse) issued in 1983
ISO 4217
CodeILR
Unit
Unitshekel
Pluralshqalim
Symbol
Denominations
Subunit
1100new agora
Plural
new agoranew agorot
BanknotesIS 1, IS 5, IS 10, IS 50, IS 100, IS 500, IS 1000, IS 5000, IS 10,000
Coins1, 5, 10 new agorot, IS12, IS 1, IS 5, IS 10, IS 50, IS 100
Demographics
Date of introduction24 February 1980
ReplacedIsraeli pound
Date of withdrawal31 December 1985
Replaced byIsraeli new shekel
User(s) Israel (1980-1985)
Issuance
Central bankBank of Israel
 Websitewww.boi.org.il
Valuation
Inflation1000% (1984)
This infobox shows the latest status before this currency was rendered obsolete.

The old Israeli shekel, then known as the shekel (Hebrew: שקל, formally sheqel, pl. שקלים, Sheqalim; Arabic: شيكل, šēkal, formerly Arabic: شيقل, šēqal until 2014; code ILR), 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 1,000:1 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 old shekel replaced the Israeli pound (IL), which had been used until 24 February 1980, at the rate of IS 1 shekel to IL10.


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