Editing Israeli new shekel

{{Short description|Currency of Israel}}
{{Redirect|Israeli shekel|the currency of Israel between 1980 and 1985|Old Israeli shekel|the currency of Israel between 1952 and 1980|Israeli pound|ancient currencies and units of weight|Shekel}}
{{Pp-extended|small=yes}}
{{Use dmy dates|date=April 2017}}
{{Infobox currency
| name = New Israeli shekel
| local_name = 
| local_name1 = שקל חדש
| local_name_lang1 = he
| local_name2 = شيكل جديد
| local_name_lang2 = ar
| name_abbr = NIS
| image_1 = File:השטרות החדשים של ישראל.jpg
| image_title_1 = New shekel banknotes (Current Series C)
| iso_code = ILS
| unit = shekel
| plural = {{plainlist|
*shekels
*sheqalim}}
| subunit_name_1 = [[Israeli agora|agora]]
| symbol = [[Shekel sign|₪]]
| used_banknotes = [[20 new shekel banknote|₪20]], [[50 new shekel banknote|₪50]], [[100 new shekel banknote|₪100]], [[200 new shekel banknote|₪200]]
| used_coins = 10&nbsp;agorot, ₪{{frac|2}}, ₪1, ₪2, ₪5, ₪10
| subunit_ratio_1 = {{Frac|100}}
| plural_subunit_1 = {{plain list|
*agoras
*agorot}}
| date_of_introduction = 1 January 1986
| using_countries = {{Flag|Israel}}
| unofficial_users = {{Flag|Palestinian Authority}}<ref>The State of Palestine lacks an official legal tender. According to Article&nbsp;4 of the 1994 Paris Protocol, [http://www.mfa.gov.il/MFA/Peace+Process/Guide+to+the+Peace+Process/Gaza-Jericho+Agreement+Annex+IV+-+Economic+Protoco.htm the Protocol allows the Palestinian Authority to adopt additional currencies]. In the [[West Bank]] the [[Jordanian dinar]] is widely accepted and in the [[Gaza Strip]] the [[Egyptian pound]] is often used.</ref>
| issuing_authority = [[Bank of Israel]]
| issuing_authority_website = {{URL|https://boi.org.il/}}
| printer = [[Orell Füssli]]<ref name="fussli1">{{Cite web |url=https://www.20min.ch/finance/news/story/Israel-laesst-in-Zuerich-Geld-drucken-25053913 |title=Israel lässt in Zürich Geld drucken |publisher=20 Minuten|date=27 April 2011}}</ref>
| mint = [[Korea Minting and Security Printing Corporation|KOMSCO]]<ref name="komsco1">{{cite web |url=https://www.voanews.com/east-asia/s-korea-makes-money-making-money |archive-url=https://web.archive.org/web/20200325140251/https://www.voanews.com/east-asia/s-korea-makes-money-making-money |url-status=dead |archive-date=25 March 2020 |title=S. Korea Makes Money by Making Money |date=2012-07-17 |publisher=Voice of America News |access-date=2020-03-13}}</ref>
| inflation_rate = {{decreasepositive}}−0.59% (2020) <br>{{increasenegative}}0.35% (2021 est.)
| inflation_source_date = [[Bank of Israel]], [[Statista]], April 2021
| replaced_currency = [[Old Israeli shekel]]
}}

The '''new Israeli shekel''' ({{langx|he|שֶׁקֶל חָדָשׁ|sheqel ẖadash}}, {{IPA|he|ˈʃekel χaˈdaʃ|pron|Shekel Hadash.ogg}}; {{langx|ar|شيكل جديد|šēkal jadīd}}; [[currency symbol|sign]]: '''[[Shekel sign|₪]]'''; [[ISO 4217|ISO code]]: '''ILS'''; unofficial abbreviation: '''NIS'''), also known as simply the '''Israeli shekel''' ({{langx|he|שקל ישראלי|sheqel yisreʾeli|links=no}}; {{langx|ar|شيكل إسرائيلي|šēkal ʾisrāʾīlī|links=no}}), is the [[currency]] of [[Israel]] and is also used as a [[legal tender]] in the [[Palestinian territories]] of the [[West Bank]] and the [[Gaza Strip]]. The new shekel is divided into 100 [[Israeli agora|agorot]]. The new shekel has been in use since 1 January 1986, when it replaced the [[hyperinflation|hyperinflated]] [[Old Israeli shekel|old shekel]] at a ratio of 1000:1.

The [[currency sign]] for the new shekel {{angle brackets|&thinsp;{{lang|he|[[₪]]}}&thinsp;}} is a combination of the first [[Hebrew letters]] of the words ''shekel'' ({{Script/Hebrew|[[ש]]}}) and ''ẖadash'' ({{Script/Hebrew|[[ח]]}}) (new). When the shekel sign is unavailable the abbreviation ''NIS'' ({{lang|he|'''ש״ח'''|rtl=yes}} and {{lang|ar|'''ش.ج'''|rtl=yes}}) is used.

== History ==
{{main|Shekel}}
The origin of the name "[[shekel]]" ({{lang|he|שֶׁקֶל|rtl=yes}}) is from the ancient Biblical currency by the same name. An early Biblical reference is Abraham being reported to pay "four hundred shekels of silver" to [[Ephron the Hittite]] for the [[Cave of the Patriarchs]] in Hebron ({{bibleverse|Genesis|23:15-16}}). Shekel is any of several ancient units of weight or of currency in ancient Israel, from the Hebrew root {{lang|he|ש-ק-ל}} (š-q-l) meaning 'weigh' ({{lang|he|שָׁקַל}} {{lang|he-Latn|šaqal}} 'to weigh', {{lang|he|שֶׁקֶל}} {{lang|he-Latn|šeqel}} 'a standard weight'), common with other Semitic languages like Akkadian (resp. {{lang|akk-Latn|šaqālu}} and {{lang|akk-Latn|šiqlu}})<ref>{{Cite web|url=http://www.assyrianlanguages.org/akkadian/dosearch.php?searchkey=469&language=id|title=Search Entry|website=www.assyrianlanguages.org}}</ref> and Aramaic (resp. {{lang|arc|תְּקַל}} {{lang|arc-Latn|teqal}} and {{lang|arc|תִּקְלָא}} {{lang|arc-Latn|tiqla}}).<ref>{{Cite web |url=https://www.sefaria.org.il/Jastrow,_תִּקְלָא?lang=he |title=Jastrow, תִּקְלָא }}</ref> Initially, it may have referred to a weight of [[barley]]. In [[ancient Israel]], the shekel was known to be about 180&nbsp;[[grain (unit)|grains]] (11&nbsp;[[gram]]s or 0.35&nbsp;[[troy ounce]]s).

From the formation of the modern [[State of Israel]] on 14 May 1948 through 1952 banknotes continued to be issued by the [[Anglo-Palestine Bank]] as the [[Palestine pound]] which was pegged at £P1 = £1&nbsp;[[pound sterling|sterling]].<ref name="auto">{{citation |publisher=[[Bank of Israel]] |place=IL |title=One Palestine Pound |url=http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=1&series_name=Anglo%20Palestine%20Bank%20Series&pg_name=p002&pg_kot=ONE%20PALESTINE%20POUND |url-status=dead |archive-url=https://web.archive.org/web/20060427085208/http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=1&series_name=Anglo%20Palestine%20Bank%20Series&pg_name=p002&pg_kot=ONE%20PALESTINE%20POUND |archive-date=27 April 2006 |df=dmy }}</ref> In 1952, the Anglo-Palestine Bank changed its name to {{lang|he-Latn|[[Bank Leumi|Bank Leumi Le-Yisrael]]}} ({{langx|he|בנק לאומי לישראל}}, 'National Bank of Israel') and the currency name became the [[Israeli pound]].<ref>{{citation |publisher=[[Bank of Israel]] |place=IL |title=One Israeli Pound |url=http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=2&series_name=Bank%20Leumi%20Le-Israel%20Series&pg_name=p007&pg_kot=ONE%20ISRAELI%20POUND |archive-url=https://web.archive.org/web/20070927000546/http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=2&series_name=Bank%20Leumi%20Le-Israel%20Series&pg_name=p007&pg_kot=ONE%20ISRAELI%20POUND |url-status=dead |archive-date=27 September 2007 }}</ref>

=== Israeli pound (1952–1980) ===
{{Main|Israeli pound}}
The Israeli pound ({{lang|he|לירה ישראלית|rtl=yes}}, {{lang|he-Latn|lira yisraelit}}) was the currency of the State of [[Israel]] from June 1952 until it was replaced with the [[Old Israeli shekel|shekel]] on 24 February 1980. From 1955, after the [[Bank of Israel]] was established and took over the duty of issuing [[banknote]]s, only the Hebrew name was used, along with the symbol "IL".<ref>{{citation |publisher=[[Bank of Israel]] |place=IL |title=First Series of the Pound |url=http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=4&series_name=First%20Series%20of%20the%20Pound&pg_name=p012&pg_kot=ONE%20ISRAELI%20POUND |archive-url=https://web.archive.org/web/20070927002117/http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=4&series_name=First%20Series%20of%20the%20Pound&pg_name=p012&pg_kot=ONE%20ISRAELI%20POUND |url-status=dead |archive-date=27 September 2007 }}</ref> The pegging to [[Pound sterling|sterling]] was abandoned on 1 January 1954, and in 1960, the sub-division of the Israeli pound was changed from 1,000 {{lang|he-Latn|[[Israeli pruta|prutot]]}} to 100 {{lang|he-Latn|[[Israeli agora|agorot]]}}.

Because {{lang|he-Latn|lira}} ({{langx|he|לִירָה}}) was a loanword from [[Latin language|Latin]], a debate emerged in the 1960s over the name of the Israeli currency due to its non-Hebrew origins. This resulted in a law ordering the Minister of Finance to change the name from {{lang|he-Latn|lira}} to the Hebrew name {{lang|he-Latn|[[shekel]]}} ({{langx|he|שקל}}). The law allowed the minister to decide on the date for the change. The law came into effect in February 1980, when the Israeli government introduced the 'Israeli shekel' (now called [[old Israeli shekel]]), at a rate of IL10 = IS&nbsp;1.

=== 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.}}

=== New shekel (1985–present) ===
{{multiple image
 | align = right | perrow = 3 | total_width = 300
 | image1 = Israel 1000 Sheqalim 1983 Obverse & Reverse.jpg
 | image2 = Israel 5000 Sheqalim 1984 Obverse & Reverse.jpg
 | image3 = Israel 10000 NIS Bill 1984.jpg
 | image4 = Israel 1 Sheqel 1986 Obverse & Reverse.jpg
 | image5 = Israel 5 New Sheqalim 1987 Obverse & Reverse.jpg
 | image6 = Israel 10 New Sekel 1985 Obverse & Reverse.jpg
 | footer = Removing three zeros: The smallest of the new banknotes (below) correspond to the biggest of the old (above).
}}
Since the economic crisis of the 1980s and the subsequent introduction of the new shekel in 1985, the [[Bank of Israel]] and the [[government of Israel]] have maintained much more careful and conservative fiscal and monetary policies, and have gradually introduced various market-based economic reforms. In addition, the signing of free trade agreements helped the Israeli economy become more competitive, while heavy investment in its industrial and scientific base allowed the country to take advantage of opportunities associated with the rise of the global [[knowledge economy]], thus greatly increasing exports and opening new markets for its products and services. As a result of these factors, inflation has been relatively low and the country now maintains a positive [[balance of payments]], with a [[Current account (balance of payments)|current account]] surplus equivalent to about 3% of its GDP in 2010. Consequently, its currency has strengthened though less so than an exceptional rise in the Euro and Swiss Franc, rising approximately 20% in value relative to the US dollar from 2001 to 2011, contrasting to weakening in prior decades.

Since 1 January 2003, the new shekel has been a freely [[convertible currency]]. Since 7 May 2006, new shekel [[Derivative (finance)|derivative]] trading has also been available on the [[Chicago Mercantile Exchange]].<ref>{{cite press release |publisher=Chicago Mercantile Exchange |date=6 April 2006 |url=http://www.cme.com/about/press/cn/06-45shekel18024.html|title=CME to Launch Foreign Exchange Contract on Israeli Shekel}}</ref> This makes the new shekel one of only twenty or so world currencies for which there are widely available currency [[futures contract]]s in the [[foreign exchange market]]. It is also a currency that can be exchanged by consumers in many parts of the world.<ref>{{cite web |url=http://www.haaretz.com/hasen/spages/954033.html |title=Israelis can soon travel the world with shekels in their pockets |work=[[Haaretz]] |access-date=15 March 2018}}</ref><ref>{{cite web |url=http://fr.jpost.com/servlet/Satellite?pagename=JPost/JPArticle/ShowFull&cid=1211434107513|title=shekel begins trading on global markets |archive-url=https://web.archive.org/web/20110813133456/http://fr.jpost.com/servlet/Satellite?pagename=JPost%2FJPArticle%2FShowFull&cid=1211434107513 |archive-date=13 August 2011 |work=[[Jerusalem Post]] |access-date=15 March 2018}}</ref> On 26 May 2008, [[CLS Group|CLS Bank]] International announced that it would settle payment instructions in new shekels, making the currency [[convertibility|fully convertible]].<ref>{{cite web |date=26 May 2008 |url=http://www.cls-group.com/news/article.cfm?objectid=127EC3A9-F263-C9E9-19BE3E0623DCF229&origin=26E70E8A-14C7-4247-BC9E9B0B321D4D68 |title=CLS Bank live with Israeli shekel and Mexican Peso |url-status=dead |archive-url=https://web.archive.org/web/20080530170857/http://www.cls-group.com/news/article.cfm?objectid=127EC3A9-F263-C9E9-19BE3E0623DCF229&origin=26E70E8A-14C7-4247-BC9E9B0B321D4D68 |archive-date=30 May 2008 |df=dmy-all }}</ref> The shekel in modern times is often highly [[Volatility (finance)|volatile]] caused by Israel's policies, with many countries since 2023 refusing to [[boycotts of Israel|economically cooperate]] with Israel.<ref>{{cite news |title=Macron calls to halt arms deliveries to Israel in Gaza war |url=https://www.bbc.com/news/articles/cjr3zd4d8y5o|agency=BBC}}</ref><ref>{{Cite web |url=https://en.globes.co.il/en/article-shekel-volatility-after-us-tariffs-announcement-1001506906 |title=Shekel volatility after US tariffs announcement |date=4 March 2025 |via=Globes }}</ref><ref>{{Cite web |url=https://www.reuters.com/markets/currencies/israel-shekel-stumbles-iran-hezbollah-attack-concerns-2024-08-12/|title=Israel shekel stumbles on Iran, Hezbollah attack concerns |publisher=[[Reuters]] }}</ref><ref>{{Cite web |url=https://www.dw.com/en/israel-sanctions-who-has-imposed-curbs-over-gaza-war/a-68792324 |title=Israel sanctions: Who has imposed curbs over Gaza war? |date=5 March 2024 |publisher=[[Deutsche Welle]] }}</ref>

== Coins ==
In 1985, coins in denominations of 1&nbsp;agora, 5&nbsp;agorot, 10&nbsp;agorot, ₪{{frac|2}}, and ₪1 were introduced.<ref>{{cite web|url=http://www.bankisrael.gov.il/catal/eng/cat_all_eng.htm?series_num=25&series_name=Agora%20and%20New%20Shekel%20Series|title=About the Agora and New Shekel Series|access-date=26 December 2007|work=Banknotes and Coins Catalog|publisher=[[Bank of Israel]]}}{{Dead link|date=February 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> In 1990, ₪5 coins were introduced,<ref>{{cite web |url=http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=25&series_name=Agora%20and%20New%20Shekel%20Series&pg_name=c040&pg_kot=5%20NEW%20SHEQALIM |title=5 NEW SHEQALIM |access-date=26 December 2007 |work=Banknotes and Coins Catalog |publisher=The Bank of Israel }}{{Dead link|date=February 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> followed by ₪10 coins in 1995.<ref>{{cite web |url=http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=25&series_name=Agora%20and%20New%20Shekel%20Series&pg_name=c041&pg_kot=10%20NEW%20SHEQALIM |title=10&nbsp;NEW SHEQALIM |access-date=26 December 2007 |work=Banknotes and Coins Catalog |publisher=The Bank of Israel }}{{Dead link|date=February 2023 |bot=InternetArchiveBot |fix-attempted=yes }}</ref> Production of 1&nbsp;agora pieces ceased in 1990, and they were [[Withdrawal of low-denomination coins|removed from circulation]] on 1 April 1991.{{citation needed|date=December 2007}} A ₪2 coin was introduced on 9 December 2007.<ref name="2sheqalim">{{cite press release |url=http://www.bankisrael.gov.il/press/eng/070708/070708e.htm |title=The new NIS 2 coin |access-date=26 December 2007 |date=8 July 2007 |publisher=The Bank of Israel |archive-date=5 November 2011 |archive-url=https://web.archive.org/web/20111105062944/http://www.bankisrael.gov.il/press/eng/070708/070708e.htm |url-status=dead }}</ref> The 5&nbsp;agorot coin, last minted in 2007, was removed from circulation on 1 January 2008.<ref name="5agorot">{{cite web|url=http://www.boi.org.il/he/Currency/PublicEnquiries/Pages/CancellationOf5Cents.aspx|title=Cancellation of the 5&nbsp;agora coin.|language=he|access-date=4 September 2016|date=1 January 2008|publisher=The Bank of Israel|archive-date=6 May 2016|archive-url=https://web.archive.org/web/20160506055943/http://boi.org.il/he/Currency/PublicEnquiries/Pages/CancellationOf5Cents.aspx|url-status=dead}}</ref>

In April 2011, it was reported that new coins would be minted that would use less metal and thus lower costs. Counterfeiting would also be harder.<ref>[http://www.calcalist.co.il/local/articles/0,7340,L-3515589,00.html Tomer Avital's report] in [[Calcalist]], 21 April 2011 (Hebrew)</ref> The Bank of Israel is considering dropping the word "new" on the planned coins series. If approved, this would be the first replacement of all coins since the introduction of the new shekel coins in September 1985.<ref>[http://www.ynet.co.il/articles/0,7340,L-4059359,00.html Gad Lior's report] in [[Ynet]], 21 April 2011</ref> The coins are minted by the [[Korea Minting and Security Printing Corporation]] (KOMSCO).<ref name="komsco1"/>

In 2022, the Bank of Israel announced a new series of coins featuring updated inscriptions for its coins, with "new shekels" replacing "new sheqalim". The 5 and 10 new shekel coins will be the first to feature the new inscriptions, and the 10 agorot and {{frac|2}} new shekel coins will feature its unit names rendered in Arabic.<ref>[https://www.boi.org.il/en/communication-and-publications/press-releases/update-of-the-inscription-on-circulating-coins/ Update of the inscription on circulating coins] [[Bank of Israel]] (https://www.boi.org.il). Retrieved on 2023-04-01.</ref>

{|class="wikitable" style="font-size: 90%"
|+ New shekel coin series
|-
!rowspan=2| Image !! rowspan=2| Value !!colspan=4| Technical parameters !!colspan=3| Description !!colspan=2| Date of
|-
! Diameter !! Thickness !! Mass !! Composition !! Edge !! Obverse !! Reverse !! issue !! withdrawal
|-{{Coin-yellow-color}}
| style="background:white;text-align:center" | [[file:Israel 1 Agora 1985 Obverse & Reverse.jpg|250px]]
| {{nowrap|1 agora}}
| 17&nbsp;mm
| 1.2&nbsp;mm
| 2 g
|rowspan=4| [[Aluminium bronze]]<br />92% [[copper]]<br />6% [[aluminium]]<br />2% [[nickel]]
| rowspan="4" | Plain
| Ancient [[galley]], "Israel" in [[Hebrew language|Hebrew]], [[Arabic language|Arabic]] and [[English language|English]]
|rowspan=3| Value, date
| rowspan="4" | 4 September 1985
| 1 April 1991
|-{{Coin-yellow-color}}
| style="background:white;text-align:center" | [[file:Israel 5 Agorot 1985 Edge, Obverse & Reverse.jpg|250px]]
| 5 agorot<!--sic-->
| 19.5&nbsp;mm
| 1.3&nbsp;mm
| 3 g
| Replica of a coin from the fourth year of the [[First Jewish–Roman War|war of the Jews against Rome]] depicting a [[lulav]] between two [[etrog]]im, "Israel" in [[Hebrew language|Hebrew]], [[Arabic language|Arabic]] and [[English language|English]]
| 1 January 2008
|-{{Coin-yellow-color}}
| style="background:white;text-align:center" | [[file:Israel 10 Agorot 1985 Edge, Obverse & Reverse.jpg|250px]]
| {{nowrap|10 agorot}}<!--sic-->
| 22&nbsp;mm
| 1.5&nbsp;mm
| 4 g
| Replica of a coin issued by [[Antigonus&nbsp;II Mattathias]] with the [[Menorah (Temple)|seven-branched candelabrum]], the [[Emblem of Israel|state emblem]], "Israel" in [[Hebrew language|Hebrew]], [[Arabic language|Arabic]] and [[English language|English]]
| rowspan="2" | Current
|- {{Coin-gold-color}}
| style="background:white;text-align:center" | [[file:Israel Half New Sheqel 1985 Edge, Obverse & Reverse.jpg|250px]]
| {{nowrap|₪0.5}}
| 26&nbsp;mm
| 1.6&nbsp;mm
| 6.5 g
| [[Lyre]]
| Value, date, "Israel" in [[Hebrew language|Hebrew]], [[Arabic language|Arabic]] and [[English language|English]]
|- {{Coin-silver-color}}
| style="background:white;text-align:center" | [[file:Israel 1 New Sheqel 1985 Edge, Obverse & Reverse.jpg|250px]]
| {{nowrap|₪1}}
| 18&nbsp;mm
| 1.8&nbsp;mm
| 3.5 g
|[[Cupronickel]]<br />75% [[copper]]<br />25% [[nickel]] (1985–1993)<br/ >Nickel-plated steel (1994–present)<ref>Note that nickel-clad steel 1&nbsp;new sheqalim coins were issued in 1994 and 1995</ref>
|Plain
| [[Lilium|Lily]], "Yehud" in ancient Hebrew
| rowspan="4" |Value, date, "Israel" in [[Hebrew language|Hebrew]], [[Arabic language|Arabic]] and [[English language|English]]
|4 September 1985
| rowspan="4" |Current
|- {{Coin-silver-color}}
| style="background:white;text-align:center" | [[file:Israel 2 New Sheqels 2010 Edge, Obverse & Reverse.jpg|250px]]
| {{nowrap|₪2}}
| 21.6&nbsp;mm
| 2.3&nbsp;mm
| 5.7 g
| Nickel-plated steel
| Segmented (plain and reeded sections)
| Two [[cornucopia]]
| 9 December 2007
|-{{Coin-silver-color}}
| style="background:white;text-align:center" | [[file:Israel 5 New Sheqels 2012 Edge, Obverse & Reverse.jpg|250px]]
| {{nowrap|₪5}}
| 24&nbsp;mm
| 2.4&nbsp;mm
| 8.2 g
| [[Cupronickel]]<br />75% [[copper]]<br />25% [[nickel]]
| 12 sides
| Capital of column
| 2 January 1990
|- {{Coin-silver-color}}
| style="background:white;text-align:center" | [[file:Israel 10 New Sheqels 2011 Edge, Obverse & Reverse.jpg|250px]]
|{{Coin-silver-color}} | {{nowrap|₪10}}
| 23&nbsp;mm<br />Core: 16&nbsp;mm
| 2.2&nbsp;mm
| 7 g
| '''Ring:''' nickel-bonded steel<br />'''Center:''' aureate-bonded bronze
| Reeded
| Palm tree with seven leaves and two baskets with [[Phoenix dactylifera|dates]], the words "for the redemption of Zion" in ancient and modern [[Hebrew alphabet]]
| 7 February 1995
|-
|colspan=11|{{Standard coin table notice|BrE=Y}}
|}
* Note that all dates on Israeli coins are given in the [[Hebrew calendar]] and are written in [[Hebrew numerals]].

== Banknotes ==

=== Series A (1985–1999)===
Beginning on 4 September 1985. banknotes are introduced in denominations of {{nowrap|₪5,}} ₪10, and ₪50. An {{nowrap|₪1}} note followed on 8 May 1986 and the {{nowrap|₪100}} note issued on 19 August 1986. On 2 April 1988, the {{nowrap|₪20}} note issued and the {{nowrap|₪200}} note issued on 16 February 1992 completing the family.<ref>{{cite book|last1=Linzmayer|first1=Owen|title=The Banknote Book|chapter=Israel|publisher=www.BanknoteNews.com|year=2012|location=San Francisco, CA|chapter-url=http://www.banknotebook.com}}</ref> The {{nowrap|₪1,}} ₪5 and ₪10 notes used the same basic designs as the earlier {{nowrap|IS 1000,}} 5000, and {{nowrap|10&thinsp;000}} notes but with the denominations altered.

The {{nowrap|₪1,}} ₪5 and ₪10 notes were later replaced by coins. A number of these coins, in their first minting, had the images of the individuals on the notes engraved on them.

{|class="wikitable" style="font-size: 90%"
! Image !! Value !! Dimensions !! Colour !! Obverse !! Reverse !! Date of issue !! Date of withdrawal
|-
| [[File:Israel 1 Sheqel 1986 Obverse & Reverse.jpg|97px]] || ₪1 ||rowspan="7"| 76x 138&nbsp;mm || green || [[Maimonides]] || Tiberias where Maimonides is buried; ancient stone lamp || 8 May 1986 || 1995
|-
| [[File:Israel 5 New Sheqalim 1987 Obverse & Reverse.jpg|97px]] || ₪5 || blue || [[Levi Eshkol]] || Pipe carrying water, symbolizing the [[National Water Carrier of Israel|National Water Carrier]], fields and barren land in background || 4 September 1985 || 1995
|-
| [[File:Israel 10 New Sekel 1985 Obverse & Reverse.jpg|97px]] || ₪10 || orange || [[Golda Meir]] || Picture of Golda Meir in the crowd, in front of the [[Moscow Choral Synagogue]], as she arrived in Moscow as Israel's ambassador in 1948 || 4 September 1985 || 1995
|-
| [[File:Israel 20 New Sheqalim 1993 Obverse & Reverse.jpg|97px]] || [[20 new shekel banknote|₪20]] || dark gray || [[Moshe Sharett]] || The original building of [[Herzliya Gymnasium]], Little [[Tel Aviv]] in background || 2 April 1988 || 1 July 2000
|-
| [[File:Israel 50 New Sheqalim 1992 front & back.jpg|97px]] || [[50 new shekel banknote|₪50]] || purple || [[Shmuel Yosef Agnon]] || Jerusalem skyline, Eastern European shtetl, the setting of many of Agnon's stories. || 4 September 1985 || 1 July 2000
|-
| [[File:Israel 100 New Sheqalim 1995 front & back.jpg|97px]] || [[100 new shekel banknote|₪100]] || brown || [[Yitzhak Ben-Zvi]] || [[Peki'in Synagogue]] with carob tree and cave; ancient stone lamp || 19 August 1986 || 1 July 2000
|-
| [[File:Israel 200 New Sheqalim1994 Obverse & Reverse.jpg|97px]] || [[200 new shekel banknote|₪200]] || red || [[Zalman Shazar]] || A girl writing at a desk as a symbol of the Compulsory Education Law which was initiated by Shazar, and Hebrew block letters in background || 16 February 1992 || 1 July 2000
|-
|colspan="8"|{{Standard banknote table notice|standard_scale=Y|BrE=Y}}
|}

=== Series B (1999–2017) ===
The Second series of bank notes was released in 1999, replacing the first series by 2005. A plan to issue a {{nowrap|₪500}} banknote, carrying the portrait of [[Yitzhak Rabin]], 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.<ref>{{cite web|url=http://www.collect.co.il/objects/articles/03/0301/500_nis.jpg|title=The 500 NIS banknote that was never released (Obverse)|access-date=19 September 2010|archive-date=23 March 2021|archive-url=https://web.archive.org/web/20210323082957/http://www.collect.co.il/objects/articles/03/0301/500_nis.jpg|url-status=dead}}</ref>

{|class="wikitable" style="font-size: 90%"
|+ Second series of the new shekel
|-style="background: #ccc;"
! Image !! Value !! Dimensions !! Colour !! Obverse !! Reverse !! Date of issue
|-
|style="width: 100px;"| [[File:Israel-20-New-Sheqalim-1998-revers.jpg|50px]][[File:Israel-20-New-Sheqalim-1998-avers.jpg|50px]] || {{nowrap|[[20 new shekel banknote|₪20]]}} ||rowspan=6| 71x 138&nbsp;mm || Green || [[Moshe Sharett]] || Jewish volunteers in [[World War&nbsp;II]]; a watchtower, commemorating [[tower and stockade]] settlements || 3 January 1999
|-
| [[File:20 NIS Bill (polypropylene) Obverse & Reverse.jpg|99px]] || {{nowrap|[[20 new shekel banknote|₪20]]}} || Green || [[Moshe Sharett]] || Jewish volunteers in [[World War&nbsp;II]]; a watchtower, commemorating [[tower and stockade]] settlements. The additional red text on the polypropylene note reads "60&nbsp;Years of the State of Israel" in Hebrew in red ink. It was only featured in a 1.8&nbsp;million limited run close to the noted anniversary and is not present on a majority of notes.<br/>(Made of [[polypropylene]], a [[polymer]] substrate, which is superior to the regular Series&nbsp;B paper note with a circulation life of a few months only. The polymer note is printed by [[Orell Füssli]] Security Printing of [[Zürich]], [[Switzerland]].) || 13 April 2008
|-
| [[File:50 NIS Bill Obverse & Reverse.jpg|99px]] || {{nowrap|[[50 new shekel banknote|₪50]]}} || Purple || [[Shmuel Yosef Agnon]] || Agnon's notebook, pen and glasses, [[Jerusalem]] and the [[Temple Mount]] || 31 October 1999
|-
| [[File:100 NIS Bill Obverse & Reverse.jpg|99px]] || {{nowrap|[[100 new shekel banknote|₪100]]}} || Brown || [[Yitzhak Ben-Zvi]] || [[Peki'in Synagogue]] || 3 January 1999
|-
| [[File:200 NIS Bill Obverse & Reverse.jpg|99px]] || {{nowrap|[[200 new shekel banknote|₪200]]}} || Red || [[Zalman Shazar]] || A street in [[Safed]] and text from Shazar's essay about Safed || 31 October 1999
|-
| || {{nowrap|₪500}} || Blue || [[Yitzhak Rabin]] || Part of a speech given by the late Prime Minister shortly before his assassination<ref>{{citation |publisher=Bulletin of the Numismatics Association in Israel |title=שטר בסימן שאלה |url=http://www.collect.co.il/content.aspx?id=301 |date=October 2005 |access-date=3 October 2018 |archive-date=13 January 2021 |archive-url=https://web.archive.org/web/20210113002656/http://www.collect.co.il/content.aspx?id=301 |url-status=dead }}</ref> || Never printed
|-
|colspan="7"|{{Standard banknote table notice|standard_scale=Y|BrE=Y}}
|}
{{Clear}}

=== Series C (2014–present) ===
The committee proposed that the new series would bear the portraits of prominent Hebrew poets, among them [[Rachel Bluwstein]], [[Shaul Tchernichovsky]], [[Leah Goldberg]] and [[Nathan Alterman]]. In December 2010, it was announced that the series would feature portraits of [[Menachem Begin]], [[Yitzhak Rabin]], Rachel, and [[Shmuel Yosef Agnon]].<ref>[http://www.bankisrael.gov.il/press/eng/101219/101219n.htm Press release, Bank of Israel] {{Webarchive|url=https://web.archive.org/web/20120329113712/http://www.bankisrael.gov.il/press/eng/101219/101219n.htm |date=29 March 2012 }}, 19 December 2009</ref> When Begin's family opposed the decision, the committee's original proposal was readopted.<ref>[http://www.bankisrael.gov.il/press/eng/110310/110310g.htm Press release, Bank of Israel] {{Webarchive|url=https://web.archive.org/web/20120329113848/http://www.bankisrael.gov.il/press/eng/110310/110310g.htm |date=29 March 2012 }}, 10 March 2011</ref>

On 14 November 2012, the Bank of Israel announced that the new series of banknotes is in the final stages of design. The first of the new banknotes to begin circulation was in the [[50 new shekel banknote|₪50]] denomination on 16 September 2014,<ref>{{cite news|url = http://www.ynet.co.il/articles/0,7340,L-4569467,00.html|script-title=he:השטר החדש הושק: "יהי קשה לזייף שטרות"|date = 10 September 2014|access-date = 10 September 2014|newspaper = [[ynet]]|language = he|trans-title=The new banknote was launched: "It will be difficult to counterfeit banknotes"}}</ref> followed by the [[200 new shekel banknote|₪200]] note on 23 December 2015.<ref>{{cite news|url = http://www.globes.co.il/en/article-israels-new-nis-200-banknote-enters-circulation-today-1001090436|title= Israel's new NIS&nbsp;200 note enters circulation today |date = 23 December 2015|access-date = 23 December 2015|publisher = [[Globes (newspaper)|Globes]]|language = en}}</ref> The final two denominations, [[20 new shekel banknote|₪20]] and [[100 new shekel banknote|₪100]], were issued on 23 November 2017, completing the "Series&nbsp;C" banknote series.<ref>[http://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/16-11-17-NewBankNotes.aspx Press release, Bank of Israel: The next banknotes in the new series&nbsp;– the NIS&nbsp;20 and NIS&nbsp;100 banknotes&nbsp;– will be distributed to the public on from Thursday, November 23, 2017&nbsp;– 5 Kislev 5778] {{Webarchive|url=https://web.archive.org/web/20210417075710/https://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/16-11-17-NewBankNotes.aspx |date=17 April 2021 }} Bank of Israel (www.bankisrael.gov.il). 16 November 2017</ref><ref>[http://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/14112012-a.aspx Press release, Bank of Israel: Information on the new series of banknotes] {{Webarchive|url=https://web.archive.org/web/20130501161338/http://www.boi.org.il/en/NewsAndPublications/PressReleases/Pages/14112012-a.aspx |date=1 May 2013 }} 14 November 2012</ref><ref>[http://www.bankisrael.gov.il/en/NewsAndPublications/PressReleases/Pages/280413-a.aspx Press release by the Bank of Israel: Images and descriptions on the new series of Israeli new shekel banknotes] {{Webarchive|url=https://web.archive.org/web/20161115123955/http://www.bankisrael.gov.il/en/NewsAndPublications/PressReleases/Pages/280413-a.aspx |date=15 November 2016 }} Bank of Israel (www.bankisrael.gov.il). 28 April 2013. Retrieved on 1 May 2013.</ref>

With the issuing of the third series, the [[Bank of Israel]] has adopted the standard English spelling of ''shekel'' and plural ''shekels'' for its currency.<ref>{{citation |contribution=Third Series of the New Shekel |contribution-url=http://www.bankisrael.gov.il/en/Currency/CurrentCurrencySeries/Pages/Default.aspx#Top |url=http://www.boi.org.il/en/Currency/Pages/Default.aspx |title=Currency |publisher=[[Bank of Israel]] |access-date=9 February 2016 |archive-date=25 March 2021 |archive-url=https://web.archive.org/web/20210325085651/https://www.boi.org.il/en/Currency/Pages/Default.aspx |url-status=dead }}</ref> Previously, the Bank had formally used the [[English transcription of Hebrew|Hebrew transcription]]s of ''sheqel'' and ''sheqalim'' (from {{lang|he|שְׁקָלִים|rtl=yes}}).<ref name=boiboi>{{citation |contribution=Second Series of the New Shekel |contribution-url=http://www.bankisrael.gov.il/en/Currency/CurrentCurrencySeries/Pages/Default.aspx#Top |url=http://www.boi.org.il/en/Currency/Pages/Default.aspx |title=Currency |publisher=Bank of Israel |access-date=9 February 2016 |archive-date=25 March 2021 |archive-url=https://web.archive.org/web/20210325085651/https://www.boi.org.il/en/Currency/Pages/Default.aspx |url-status=dead }}.</ref>  The new notes also used the Arabic {{lang|ar|شيكل}} ''(šaykal)'' rather than {{lang|ar|شيقل}} ''(šayqal)'', which had been used on all banknotes previously.

The banknotes are printed by [[Orell Füssli|Orell Füssli Security Printing]] of Switzerland.<ref name="fussli1"/>

{|class="wikitable" style="font-size: 90%"
! colspan="8" | Third Series of the New Shekel
|-
! rowspan="2" | Image
! rowspan="2" | Value
! rowspan="2" | Dimensions
! rowspan="2" colspan="2" | Colour
! colspan="2" | Description
! rowspan="2" | Date of issue
|-
! Obverse !! Reverse
|-
| style="text-align:right; background-color:#000;" | [[File:20 New Sheqalim2017 Obverse & Reverse.png|90px]]
| {{nowrap|[[20 new shekel banknote|₪20]]}}
| 129 × 71&nbsp;mm || style="background-color:#F00;" | || Red
| [[Rachel Bluwstein]]; the poem ''Kinneret'' in [[microprinting]]; palm tree branches in the background
| Vista of the Sea of Galilee shoreline; segment from the poem ''Perhaps it was nothing...''
| 23 November 2017
|-
| style="text-align:right; background-color:#000;" | [[File:50 New Sheqalim2014 Obverse & Reverse.png|95px]]
| {{nowrap|[[50 new shekel banknote|₪50]]}}
| 136 × 71&nbsp;mm || style="background-color:#090;" | || Green
| [[Shaul Tchernichovsky]]; the poem ''Oh, My Land, My Homeland'' in microprinting; citrus tree and its fruits in the background
| Capital of a Corinthian column; segment from the poem ''I&nbsp;Believe''
| 16 September 2014
|-
| style="text-align:right; background-color:#000;" | [[File:100 New Sheqalim2017 Obverse & Reverse.png|100px]]
| {{nowrap|[[100 new shekel banknote|₪100]]}}
| 143 × 71&nbsp;mm || style="background-color:#F90;" | || Orange
| [[Leah Goldberg]]; the poem ''In the land of my love the almond tree blossoms'' in microprinting; [[Almond|almond tree]] blossoms in the background
| A group of gazelles; segment from the poem ''White days''
| 23 November 2017
|-
| style="text-align:right; background-color:#000;" | [[File:200 New Sheqalim2015 Obverse & Reverse.png|105px]]
| {{nowrap|[[200 new shekel banknote|₪200]]}}
| 150 × 71&nbsp;mm || style="background-color:#09F;" | || Blue
| [[Nathan Alterman]]; the poem ''Eternal Meeting'' in microprinting; fall leaves in the background
| Moonlit flora; segment from the poem ''Morning Song''
| 23 December 2015
|-
| colspan="8" | {{Standard banknote table notice|standard_scale=Y|BrE=Y}}
|}

== Exchange rates ==
[[File:Euro exchange rate to ILS.svg|thumb|368px|The cost of one euro in ILS (from&nbsp;2011).]]
{| class="wikitable" style="text-align:left; margin:1em auto 1em auto;"
|+ ILS per currency, averaged over the year
! Currency !! [[ISO 4217]] !! Unit!! 1986 !! 1991 !! 1996 !! 2001 !! 2006 !! 2011 !! 2016
|-
| [[United States dollar]] || USD || 1|| 1.36 || 2.59 || 3.36 || 4.22  || 4.47 || 3.46 || 3.77
|-
| [[Soviet ruble]] || SUR<sup>1</sup> || 1|| 1.80 || 4.61 ||bgcolor="#EEEFE4"| ||bgcolor="#EEEFE4"| ||bgcolor="#EEEFE4"| ||bgcolor="#EEEFE4"| ||bgcolor="#EEEFE4"| 
|-
| [[Russian ruble]] || RUB || 1||bgcolor="#EEEFE4"| ||bgcolor="#EEEFE4"| || 0.62 || 0.14 || 0.16 || 0.12 || 0.05
|-
| [[Japanese yen|Yen]] || JPY || 100|| 0.81 || 1.87 || 3.16 || 3.42 || 4.00 || 4.27 || 3.44
|-
| [[Pound sterling|Sterling]] (''pound'') || GBP || 1|| 2.07 || 4.47 || 5.16 || 6.10 || 8.36 || 5.53 || 5.15
|-
| [[Deutsche Mark]] || DEM<sup>2</sup> || 1|| 0.61 || 1.50 || 2.22 ||bgcolor="#EEEFE4"| ''1.86'' ||bgcolor="#EEEFE4"| ''2.89'' ||bgcolor="#EEEFE4"| ''2.51'' ||bgcolor="#EEEFE4"| ''2.17''
|-
| [[French franc]] || FRF<sup>3</sup> || 1|| 0.19 || 0.44 || 0.65 ||bgcolor="#EEEFE4"| ''0.55'' ||bgcolor="#EEEFE4"| ''0.86'' ||bgcolor="#EEEFE4"| ''0.75'' ||bgcolor="#EEEFE4"| ''0.65''
|-
| [[Euro]] || EUR || 1||bgcolor="#EEEFE4"| ||bgcolor="#EEEFE4"| ||bgcolor="#EEEFE4"| || 3.63 || 5.65 || 4.91 || 4.25
|-
| [[Swiss franc]] || CHF || 1|| 0.73  || 1.78 || 2.68 || 2.37 || 3.67 || 4.14 || 3.89
|-
| [[Jordanian dinar]] || JOD || 1|| 4.25 || 3.34 || 4.50 || 5.89 || 6.44 || 4.81 || 5.32
|-
| [[Egyptian pound]] || EGP || 1|| 2.12 ||0.72 || 0.94 || 1.07 || 0.77 || 0.57 || 0.42
|-
| [[Renminbi]] (''yuan'') || CNY || 1|| 0.39 ||0.47 || 0.39 || 0.50 || 0.55 || 0.55 || 0.58
|-
| colspan=10| <sup>1</sup> [[Soviet ruble|SUR]] ceased to exist after 1993, and was replaced by [[Russian ruble|RUB]].<br /><sup>2</sup> [[Deutsche Mark|DEM]] ceased to exist after 1999, and was replaced by [[Euro|EUR]].<br /><sup>3</sup> [[French franc|FRF]] ceased to exist after 1999, and was replaced by [[Euro|EUR]].
|}

{{Exchange rate|ILS|JOD|EGP|EUR|JPY|USD}}

== See also ==
* [[Bank of Israel]]
* [[Economy of Israel]]

== References ==
{{Reflist|30em}}

== External links ==
{{Commons category|Israeli new sheqel}}
* [https://www.bankisrael.gov.il/catal/cataloge.htm Bank of Israel catalogue of Israeli currency since 1948] {{Webarchive|url=https://web.archive.org/web/20090217164825/http://bankisrael.gov.il/catal/cataloge.htm |date=17 February 2009 }}
* [https://www.bankisrael.gov.il/eng.shearim/ Exchange rates since 1948] {{Webarchive|url=https://web.archive.org/web/20070403004406/http://www.bankisrael.gov.il/eng.shearim/ |date=3 April 2007 }}
* [http://www.amerisrael.com/ American Israel Numismatic Association] {{Webarchive|url=https://web.archive.org/web/20200915014322/http://www.amerisrael.com/ |date=15 September 2020 }}
* [https://fastconversion.co.il/currency-exchange/usd-to-nis/ Current Sheqel Dollar Rate] {{Webarchive|url=https://web.archive.org/web/20250106095108/https://fastconversion.co.il/currency-exchange/usd-to-nis/ |date=6 January 2025 }}
* [http://jerusalemstyle.com/blog/shaar-yatsig-euro-dollar-currency-igoogle-20081211-32 ''Shaar yatzig'' – Official Rate gadget]
* [http://www.bis-ans-ende-der-welt.net/Israel-B-En.htm The banknotes of Israel] {{in lang|en|de}}

{{Historical currencies of Israel}}
{{Shilling}}
{{Currencies of Asia}}
{{Portal bar|Asia|Israel|Money|Numismatics}}

[[Category:Currencies of Israel|Shekel]]
[[Category:Circulating currencies]]
[[Category:1985 establishments in Israel]]
[[Category:Currencies introduced in 1986]]
[[Category:Cultural depictions of Golda Meir]]
[[Category:Shekel]]
[[Category:Currencies of Asia]]