Editing Israeli new shekel (section)

=== Shekel (1980–1985) ===
{{Main|Old Israeli shekel}}
The original shekel, now known as the ''old shekel'', was the currency of the State of Israel between 24 February 1980 and 31 December 1985. Both it and its predecessor, the Israeli pound, experienced frequent [[devaluation]]s against foreign currencies during the 1960s and 1970s. This trend culminated in the old shekel experiencing [[hyperinflation]] in the early 1980s. After inflation was contained as a result of the [[1985 Israel Economic Stabilization Plan|1985 Economic Stabilization Plan]], the new shekel was introduced, [[redenomination|replacing]] the old shekel on 1 January 1986 at a rate of {{nowrap|IS 1,000}} to {{nowrap|₪1.}}