Currency Israel.

currency Israel is a young currency, as well as the state.Renewed Israeli Shekel came into circulation in September 1985, after the monetary reform.One unit of the new shekel is equal to 1000 old and consists of 100 agorot.

history of money

Israeli Shekel takes its name from the Hebrew word «saqal» and translates as "to weigh."In historical documents dating back to the second millennium BC, the shekel or shekel was used by Jews, Phoenicians as "biblical mass unit" for gold or silver.And ranges from 9 up to 17 grams of the precious metal.A coin shekel began somewhere in the V century BC, and, apparently, those of Judah thirty silversmiths were none other than the thirty Tyrian shekels.

In the role of the monetary unit of Israel shekel was used somewhere in the I century AD, when there was the first rebellion of the Jews, which resulted in a revolt against the oppression of the Roman Empire.On coins minted not nominal, and the letters of the Hebrew alphabet, which means years of insurgency.And after the second uprising, when began to mint new coins, there was the defeat of the Jews and of the existence of the shekel long forgotten.

very long time been considered the land of Israel in Palestine, which was in the Ottoman Empire.In 1840, Palestine introduces the first paper banknotes.And these were called Treasury notes kuruses.Then in 1922, it comes the collapse of the Ottoman Empire, and the whole of Palestine is supervised by the League of Nations, Britain.With the establishment of the new government introduced a new currency - the Egyptian pound, a little later the Palestinian pound.

Shekel as the main currency of the country.

In 1948 the United Nations proclaimed the independent state of Israel and the Israeli currency at the time begins to be called Israeli pounds, which is 1,000 miles.1960 saw the introduction of a new series of Israeli pounds.The new currency Israel to change its design.Five-pound note bore the image of Einstein, the rest were depicted political figures in Israel.But, unfortunately, due to the instability of the economy, inflation, money supply, the bill is changing almost every decade.Even the denomination has been made - cutting off two zeros thus saw the light for the third time updated currency of Israel.

Since 1969, planned to abandon the Israeli pound, but this operation was kept a closely guarded secret.From February 24, 1980, after the adoption by the Knesset of the law on the return to the shekel, the currency in Israel has once again cutting off zeros.

However, in 1985 the country has covered the monetary hyperinflation.The government was forced to take extreme measures and to withdraw from circulation the impaired shekel.Replacing him is the new shekel that is used to this day.In the cash circulation there are coins of 10 and 50 agorot, and notes 1, 5, 10 shekels.

Since 1998, Israel's currency is printed update of a polymer material with a vertical design, in which there are signs for the blind.The size standard for all banknotes 138h71.

hard enough and hard was the path of the money, but I want to believe that they will remain for a long time.