Israeli new sheqel

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Israeli new sheqel

The Israeli New Sheqel (Shekel ?adash) (sign

Currency sign

A currency sign is a graphic symbol often used as a shorthand for a currency's name. Internationally, ISO 4217 codes are used instead of currency signs, though currency signs may be in common use in their respective countries....
: ?
?

or is a letter derived from the Latin alphabet. Both glyphs of the majuscule and Lower case forms of this letter are based on the rotated form of a minuscule e; a similar letter with identical minuscule is used in the Pan-Nigerian Alphabet, but has the capital form majuscule , based on a horizontally flipped majuscule E....
; code

ISO 4217

ISO 4217 is the international standard describing three-letter codes to define the names of currency established by the International Organization for Standardization ....
: ILS) (also spelled unofficially shekel; pl. sheqalim or unofficially shkalim - ????? ,Arabic: ???? ????, shiqel jadid or ???? ???? shikel jadid) is the currency

Currency

A currency is a Medium of exchange, facilitating the trade of goods and/or Service s. It is coins and paper bills used as money. It is one form of money, where money is anything that serves as a medium of exchange, a store of value, and a standard of value....
of Israel

Israel

Israel officially the State of Israel , is a country in the Middle East located on the eastern shore of the Mediterranean Sea. It borders Lebanon in the north, Syria in the northeast, Jordan in the east, and Egypt on the southwest, and contains geographically diverse features within its relatively small area....
. The new sheqel is divided into 100 agorot (sing. agora
Israeli agora

The agora is a Denomination of the currency of Israel. The Israeli currency - the Israeli new sheqel is divided into 100 agorot.The name agora actually refers to three kinds of currencies that were used in Israel throughout its history, all of them have been subdivisions of the main currency units....
, Hebrew: ?????). Denominations made in this currency are marked with the sheqel sign

Sheqel sign

The sheqel sign is a currency sign used for the Israeli new sheqel currency which replaced the Israeli sheqel in 1985....
.

new sheqel replaced the sheqel

Israeli sheqel

The sheqel was the currency of Israel between February 24, 1980 and December 31, 1985. The sheqel was subdivided into 100 new agorot . The sheqel sign#Israeli sheqel was ""....
on January 1, 1986 at a rate of 1,000 old sheqalim = 1 new sheqel.

Since January 1, 2003, the ILS has been a freely convertible currency.

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Encyclopedia

The Israeli New Sheqel (Shekel ?adash) (sign

Currency sign

ISO 4217

Currency

Israel

Sheqel sign

The sheqel sign is a currency sign used for the Israeli new sheqel currency which replaced the Israeli sheqel in 1985....
.

History

The new sheqel replaced the sheqel

Israeli sheqel

Derivative (finance)

Derivatives are financial contracts, or financial instruments, whose values are derived from the value of something else . The underlying on which a derivative is based can be an asset , an index , or other items ....
trading has also been available on the Chicago Mercantile Exchange

Chicago Mercantile Exchange

The Chicago Mercantile Exchange is an United States financial and commodity derivative exchange based in Chicago. The CME was founded in 1898 as the Chicago Butter and Egg Board....
. This makes the sheqel one of only twenty or so world currencies for which there are widely-available currency futures contract

Futures contract

In finance, a futures contract is a standardized contract, traded on a futures exchange, to buy or sell a standardized quantity of a specified commodity of standardized quality at a certain date in the future, at a price determined by the instantaneous equilibrium between the forces of supply and demand among competing buy and sell orders...
s in the foreign exchange market

Foreign exchange market

The foreign exchange market market is where currency trading takes place. It is where banks and other official institutions facilitate the buying and selling of foreign currencies....
. It is also a hard currency

Hard currency

Hard currency or strong currency, in economics, refers to a globally traded currency that can serve as a reliable and stable store of value....
, with access available to it in almost any place in the world.

On May 26, 2008, CLS Bank International (CLS Bank

Continuous linked settlement

Continuous Linked Settlement is a process by which a number of the world's largest banks manage Settlement of Foreign exchange market amongst themselves ....
) has announced that it will settle payment instructions in Israeli New Shekel, thus making this currency fully convertible

Convertibility

Convertibility is the quality of paper money substitutes which entitles the holder to redeem them on demand into money proper.Historically, the banknote has followed a common or very similar pattern in the western nations....
.

The currency is not produced in Israel, as the country has no mint

Mint (coin)

A mint is an industrial facility which manufacturing coins for currency.The history of mints correlates closely with the history of coins. One difference is that the history of the mint is normally related in a fashion that more closely ties to the political situation of an era....
. Currently, the coins are minted at Korea Minting and Security Printing Corporation

Korea Minting and Security Printing Corporation

Korea Minting and Security Printing Corporation is a government-owned corporation which is responsible to print and mint the banknotes and coins and other government documents....
(KOMSCO), the banknote

Banknote

A banknote is a kind of negotiable instrument, a promissory note made by a bank payable to the bearer on demand, used as money, and in many jurisdictions is legal tender....
and coin

Coin

A coin is a piece of hard material, usually metal or a metallic material, usually in the shape of a Disk , and most often issued by a government....
producer of South Korea

South Korea

South Korea, officially the Republic of Korea , ), often referred to as Korea and the "names of Korea#Revival of the names", is a Semi-presidential system republic in East Asia, located in the southern half of the Korean Peninsula....
.

Coins

In 1985, coins in denominations of 1, 5 and 10 agorot, ½ and 1 new sheqel were introduced. In 1990, 5 new sheqalim coins were introduced, followed by 10 new sheqalim in 1995. Production of 1 agora pieces ceased the same year, and they were removed from circulation on April 1, 1991. A 2 new sheqalim coin was introduced on December 9, 2007. The 5 agorot coin, last minted in 2006, was removed from circulation on January 1, 2008.

Circulation coins of the new sheqel are:

New sheqel coin series
Value	Technical parameters				Description			Date of
Value	Diameter	Thickness	Mass	Composition	Edge	Obverse	Reverse	issue	withdrawal
1 agora	17 mm		2 g	Aluminium bronze Aluminium bronze Aluminium bronze is a type of bronze in which aluminium is the main alloying metal added to copper. A variety of aluminium bronzes of differing compositions have found industrial use, with most ranging from 5% to 11% aluminium by weight, the remaining mass being copper; other alloying agents such as iron, nickel, manganese, and silicon are... 92% copper Copper Copper is a chemical element with the symbol Cu and atomic number 29.It is a ductile metal with very high thermal and electrical conductivity.... 6% aluminium Aluminium Aluminium or aluminum is a silvery white and ductile member of the boron group of chemical elements. It has the symbol Al; its atomic number is 13.... 2% nickel Nickel Nickel is a chemical element, with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge....	Smooth	Ancient galley, the state emblem Coat of arms of Israel File:Coat of arms of Israel.svgThe Emblem of Israel shows a Menorah surrounded by an olive branch on each side, and the writing "?????" below it.... , "Israel" in Hebrew Hebrew language Hebrew is a Semitic languages of the Afro-Asiatic languages. Modern Hebrew is spoken by more than seven million people in Israel and Classical Hebrew is used for prayer or study in Jews communities around the world.... , Arabic Arabic language Arabic is a Central Semitic language, thus related to and classified alongside other Semitic languages languages such as Hebrew language and Aramaic language.... and English English language English is a West Germanic language that originated in Anglo-Saxon England and has lingua franca status in many parts of the world as a result of the military, economic, scientific, political and cultural influence of the British Empire in the 18th, 19th and early 20th centuries and that of the United States from the mid 20th century onwa...	Value, date	September 4, 1985	April 1, 1991
5 agorot	19.5 mm		3 g		Smooth	Replica of a coin from the fourth year of the war of the Jews against Rome depicting a lulav between two etrogim, the state emblem Coat of arms of Israel File:Coat of arms of Israel.svgThe Emblem of Israel shows a Menorah surrounded by an olive branch on each side, and the writing "?????" below it.... , "Israel" in Hebrew Hebrew language Hebrew is a Semitic languages of the Afro-Asiatic languages. Modern Hebrew is spoken by more than seven million people in Israel and Classical Hebrew is used for prayer or study in Jews communities around the world.... , Arabic Arabic language Arabic is a Central Semitic language, thus related to and classified alongside other Semitic languages languages such as Hebrew language and Aramaic language.... and English English language English is a West Germanic language that originated in Anglo-Saxon England and has lingua franca status in many parts of the world as a result of the military, economic, scientific, political and cultural influence of the British Empire in the 18th, 19th and early 20th centuries and that of the United States from the mid 20th century onwa...			January 1, 2008
10 agorot	22 mm		4 g		Smooth	Replica of a coin issued by Mattathias Antigonus (37 - 40 B.C.E.) with the seven-branched candelabrum, the state emblem Coat of arms of Israel File:Coat of arms of Israel.svgThe Emblem of Israel shows a Menorah surrounded by an olive branch on each side, and the writing "?????" below it.... , "Israel" in Hebrew Hebrew language Hebrew is a Semitic languages of the Afro-Asiatic languages. Modern Hebrew is spoken by more than seven million people in Israel and Classical Hebrew is used for prayer or study in Jews communities around the world.... , Arabic Arabic language Arabic is a Central Semitic language, thus related to and classified alongside other Semitic languages languages such as Hebrew language and Aramaic language.... and English English language English is a West Germanic language that originated in Anglo-Saxon England and has lingua franca status in many parts of the world as a result of the military, economic, scientific, political and cultural influence of the British Empire in the 18th, 19th and early 20th centuries and that of the United States from the mid 20th century onwa...			Current
½ new sheqel	26 mm		6.5 g		Smooth	Lyre Lyre The lyre is a string instrument well known for its use in classical antiquity and later. The recitations of the Ancient Greece were accompanied by lyre playing.... , the state emblem Coat of arms of Israel File:Coat of arms of Israel.svgThe Emblem of Israel shows a Menorah surrounded by an olive branch on each side, and the writing "?????" below it....	Value, date, "Israel" in Hebrew Hebrew language Hebrew is a Semitic languages of the Afro-Asiatic languages. Modern Hebrew is spoken by more than seven million people in Israel and Classical Hebrew is used for prayer or study in Jews communities around the world.... , Arabic Arabic language Arabic is a Central Semitic language, thus related to and classified alongside other Semitic languages languages such as Hebrew language and Aramaic language.... and English English language English is a West Germanic language that originated in Anglo-Saxon England and has lingua franca status in many parts of the world as a result of the military, economic, scientific, political and cultural influence of the British Empire in the 18th, 19th and early 20th centuries and that of the United States from the mid 20th century onwa...		Current
1 new sheqel	18 mm		4 g	Cupronickel Cupronickel Cupronickel or Coppernickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. Cupronickel does not corrosion in seawater, because its electrode potential is adjusted to be neutral with regard to seawater.... 75% copper Copper Copper is a chemical element with the symbol Cu and atomic number 29.It is a ductile metal with very high thermal and electrical conductivity.... 25% nickel Nickel Nickel is a chemical element, with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge....	Smooth	Lily Lilium The genus *Lilium* are herbaceous flowering plants normally growing from bulbs. They comprise a genus of about 110 species in the lily family, Liliaceae.... , "Yehud" in ancient Hebrew, the state emblem Coat of arms of Israel File:Coat of arms of Israel.svgThe Emblem of Israel shows a Menorah surrounded by an olive branch on each side, and the writing "?????" below it....	Value, date, "Israel" in Hebrew Hebrew language Hebrew is a Semitic languages of the Afro-Asiatic languages. Modern Hebrew is spoken by more than seven million people in Israel and Classical Hebrew is used for prayer or study in Jews communities around the world.... , Arabic Arabic language Arabic is a Central Semitic language, thus related to and classified alongside other Semitic languages languages such as Hebrew language and Aramaic language.... and English English language English is a West Germanic language that originated in Anglo-Saxon England and has lingua franca status in many parts of the world as a result of the military, economic, scientific, political and cultural influence of the British Empire in the 18th, 19th and early 20th centuries and that of the United States from the mid 20th century onwa...	September 4, 1985	Current
2 new shqalim	21.6 mm	2.3 mm	5.7 g	Nickel bonded steel	Smooth with 4 regions of grooves	Two cornucopia, the state emblem Coat of arms of Israel File:Coat of arms of Israel.svgThe Emblem of Israel shows a Menorah surrounded by an olive branch on each side, and the writing "?????" below it....		December 9, 2007	Current
5 new shqalim	24 mm	2.4 mm	8.2 g	Cupronickel Cupronickel Cupronickel or Coppernickel is an alloy of copper, nickel and strengthening impurities, such as iron and manganese. Cupronickel does not corrosion in seawater, because its electrode potential is adjusted to be neutral with regard to seawater.... 75% copper Copper Copper is a chemical element with the symbol Cu and atomic number 29.It is a ductile metal with very high thermal and electrical conductivity.... 25% nickel Nickel Nickel is a chemical element, with the chemical symbol Ni and atomic number 28. It is a silvery-white lustrous metal with a slight golden tinge....	12 sides	Capital of column, the state emblem Coat of arms of Israel File:Coat of arms of Israel.svgThe Emblem of Israel shows a Menorah surrounded by an olive branch on each side, and the writing "?????" below it....		January 2, 1990	Current
10 new shqalim	23 mm Core: 16 mm	2.2 mm	7 g	Ring: Nickel bonded steel Center: Aureate bonded bronze	Reeded	Palm tree with seven leaves and two baskets with dates, the state emblem Coat of arms of Israel File:Coat of arms of Israel.svgThe Emblem of Israel shows a Menorah surrounded by an olive branch on each side, and the writing "?????" below it.... , the words "for the redemption of Zion" in ancient and modern Hebrew Hebrew language Hebrew is a Semitic languages of the Afro-Asiatic languages. Modern Hebrew is spoken by more than seven million people in Israel and Classical Hebrew is used for prayer or study in Jews communities around the world.... alphabet	Value, date, "Israel" in Hebrew Hebrew language Hebrew is a Semitic languages of the Afro-Asiatic languages. Modern Hebrew is spoken by more than seven million people in Israel and Classical Hebrew is used for prayer or study in Jews communities around the world.... , Arabic Arabic language Arabic is a Central Semitic language, thus related to and classified alongside other Semitic languages languages such as Hebrew language and Aramaic language.... and English English language English is a West Germanic language that originated in Anglo-Saxon England and has lingua franca status in many parts of the world as a result of the military, economic, scientific, political and cultural influence of the British Empire in the 18th, 19th and early 20th centuries and that of the United States from the mid 20th century onwa...	February 7, 1995	Current

Note that all dates on Israeli coins are given in the Hebrew calendar
Hebrew calendar

The Hebrew calendar or Jewish calendar is a lunisolar calendar used by Jews, now predominantly for religious purposes. It is used to reckon the Jewish New Year and dates for Jewish holidays, and also to determine appropriate Torah reading of Torah portions, Yahrzeits , and daily Psalm reading, among many ceremonial uses....
and are written in Hebrew numerals
Hebrew numerals

The system of Hebrew numerals is a quasi-decimal alphabetic numeral system using the letters of the Hebrew alphabet.In this system, there is no notation for 0 , and the numeric values for individual letters are added together....
.

Banknotes

In September 1985, banknotes were introduced in denominations of 1, 5, 10, 20 and 50 ILS. The 1, 5 and 10 ILS notes used the same basic designs as the earlier 1,000, 5,000 and 10,000 shqalim notes but with the denominations altered.

In 1986, 100 ILS notes were introduced, followed by 200 ILS notes in 1991. The 1, 5 and 10 ILS notes were later replaced by coins. A plan to issue a 500 ILS banknote, carrying the portrait of Yitzhak Rabin

Yitzhak Rabin

was an Israeli politician and general. He was the fifth Prime Minister of Israel, serving two terms in office, 1974–1977 and 1992 until his assassination in 1995....
, was announced shortly after Rabin's assassination in 1995. However, due to low inflation rates, there was no need for such a banknote, and it was never issued. However, in February 2008 the Bank of Israel announced that planning of an entirely new series of banknotes has started, and that the new series to be issued as from 2010, will most probably include a 500 ILS banknote as well. The design of the new banknotes has not yet been determined, but if the 20 ILS polymer banknote of the current series, introduced in April 2008, will be successful, the new series will almost certainly consist of polymer

Polymer

A polymer is a large molecule composed of repeating structural units typically connected by covalent chemical bonds. While polymer in popular usage suggests plastic, the term actually refers to a large class of natural and synthetic materials with a variety of properties....
notes only. Possible designs under review are: non-political famous personalities, such as Teddy Kollek

Teddy Kollek

Theodor "Teddy" Kollek was mayor of Jerusalem from 1965 to 1993, as well as founder of the Jerusalem Foundation. Kollek was re-elected five times, in 1969, 1973, 1978, 1983 and 1989....
(the legendary mayor of Jerusalem), Rabbi Shlomo Goren

Shlomo Goren

Shlomo Goren , was an Orthodox Judaism Religious Zionism rabbi in Israel who founded and served as the first head of the Military Rabbinate of the Israel Defense Forces and subsequently as the third Ashkenazi Jews Chief Rabbinate of Israel from 1973 to 1983....
(IDF chief chaplain during the 1967 Six-Day War, famous for his shofar

Shofar

A shofar is a horn used for Jewish religious purposes. Shofar-blowing is incorporated in synagogue services on Rosh Hashanah and Yom Kippur....
blowing on Jerusalem's Temple Mount minutes after its conquest by Israeli forces), Ilan Ramon

Ilan Ramon

Ilan Ramon was a fighter pilot in the Israeli Air Force, and later the first Israeli astronaut. Ramon was the space shuttle payload specialist of STS-107, the fatal mission of Space Shuttle Columbia, where he and six other crew members were killed in a re-entry accident over Southern Texas....
(Israel's first astronaut who perished on the Columbia in 2003), Naomi Shemer

Naomi Shemer

Naomi Shemer was one of Israel's most important and prolific song writers. During her lifetime, she was hailed as the "First Lady of Israeli Song."...
(known as "First Lady of Israeli Song"). Other possible designs may include landscapes, flora

Flora

In botany, flora has two meanings. The first meaning, flora of an area or of time period, refers to all plant life occurring in an area or time period, especially the naturally occurring or indigenous plant life....
and fauna

Fauna

File:Fauna.pngFauna is all of the animal life of any particular region or time. The corresponding term for plants is flora.Zoology and paleontology use fauna to refer to a typical collection of animals found in a specific time or place, e.g....
of Israel.

Notes currently in circulation are:

Second Series of the New Sheqel
Value	Dimensions	Colour	Obverse	Reverse
20 ILS	71x 138 mm	Green	Moshe Sharett Moshe Sharett Moshe Sharett was the second Prime Minister of Israel , serving for a little under two years between David Ben-Gurion's two terms....	Jewish volunteers in World War II World War II World War II, or the Second World War , was a global military conflict which involved a Participants in World War II, including all of the great powers, organised into two opposing military alliances: the Allies of World War II and the Axis powers.... ; a watchtower, commemorating tower and stockade Tower and stockade Tower and stockade was a settlement method used by Zionism settlers in the British Mandate of Palestine during the 1936-1939 Arab revolt in Palestine, when the establishment of new Jewish settlements was restricted by the Mandatory authorities.... settlements
50 ILS		Purple	Shmuel Yosef Agnon Shmuel Yosef Agnon Shmuel Yosef Agnon was a Nobel Prize in literature laureate writer and was one of the central figures of modern Hebrew fiction. In Hebrew, he is known by the acronym Shai Agnon. In English, his works are published under the name S....	Agnon's notebook, pen and glasses, Jerusalem Jerusalem Jerusalem is the capital of Israel and its List of Israeli cities in both population and area, with a population of 747,600 residents over an area of if Positions on Jerusalem East Jerusalem is included.... and the Temple Mount Temple Mount The Temple Mount , also known as Mount Moriah and by Muslims as the Noble Sanctuary , is a religious site in the Old City of Jerusalem of Jerusalem....
100 ILS		Brown	Yitzhak Ben-Zvi Yitzhak Ben-Zvi Yitzhak Ben-Zvi was a historian, Labor Zionism leader, and the second and longest-serving President of Israel....	Peki'in Synagogue Peki'in Synagogue The Peki?in Synagogue, located in the centre of Peki'in, North District , is said to have built into its walls two stones taken from the walls of the Jewish Temple in Jerusalem....
200 ILS		Red	Zalman Shazar Zalman Shazar Zalman Shazar was an Israeli politician, author and poet, and served as the third President of Israel from 1963 to 1973....	a street in Safed Safed Safed is a city in the North District of Israel of Israel and a center for Kabbalah, or Jewish mysticism. At an elevation of 800 meters above sea level, Safed is the highest city in the Galilee.... and text from Shazar's essay about Safed

The 20 ILS banknote is the first, as of April 2008, to be made of polypropylene

Polypropylene

Polypropylene or polypropene is a thermoplastic polymer, made by the chemical industry and used in a wide variety of applications, including packaging, textiles , stationery, plastic parts and reusable containers of various types, laboratory equipment, loudspeakers, automotive components, and polymer banknotes....
, a polymer

Polymer

A polymer is a large molecule composed of repeating structural units typically connected by covalent chemical bonds. While polymer in popular usage suggests plastic, the term actually refers to a large class of natural and synthetic materials with a variety of properties....
substrate, which is superior to the current paper note with a circulation life of a few months only. The polymer note is printed by Orell Fuessli Security Printing of Zürich

Zürich

Z?rich is the largest city in Switzerland and the capital of the canton of Z?rich. The city is Switzerland's main commercial and cultural centre and sometimes called the Cultural Capital of Switzerland, the political capital of Switzerland being Berne....
, Switzerland

Switzerland

Switzerland is a landlocked Swiss Alps country of roughly 7.7 million people in Western Europe with an area of 41,285 km?. Switzerland is a federal republic consisting of 26 states called Cantons of Switzerland....
. 1.8 million of the new banknotes were printed with the writing "60 years to Israel" (in Hebrew), in red ink.

Gallery

Abbreviation

In Hebrew the new sheqel is usually abbreviated ?"? (pronounced sha?). The symbol for the new sheqel, ?

Sheqel sign

The sheqel sign is a currency sign used for the Israeli new sheqel currency which replaced the Israeli sheqel in 1985....
, is a combination of the first Hebrew letters of the words sheqel (?

Shin (letter)

Shin is the twenty-first letter in many Semitic abjads, including Phoenician language, Aramaic language, Hebrew language , and Arabic alphabet ....
) and ?adash (?

Heth (letter)

or is the reconstructed name of the eighth letter of the Proto-Canaanite alphabet, continued in descended Semitic alphabets as Phoenician alphabet , Syriac alphabet , Hebrew alphabet chet , Arabic alphabet , and Tifinagh ....
). This symbol, however, proved unpopular, and the two-letter abbreviation is far more common in advertisements and on price tags. In Arabic, the currency is usually denoted by the abbreviation ?.? which is the initials of šikel jadid, the currency's name in Arabic.

Israeli new sheqel

History

Coins

Banknotes

Gallery

Abbreviation

See also

External links