Currency of Israel. History of creation

The currency of Israel is quite a young currency, like the state. The renewed Israeli shekel entered circulation in September 1985, following a monetary reform. One unit of the new shekel is 1000 old and consists of 100 agorot.

History of the money of Israel

The shekel takes its name from the Hebrew word "saqal" and translates as "weigh". In historical documents dating back to the second millennium BC, the sikle or shekel was used by Jews, Phoenicians, as a "biblical unit of mass" for gold or silver. And it was from 9 to 17 grams of precious metal. And the shekel became a coin somewhere in the 5th century BC and, judging by everything, those thirty jewels of Judas were nothing but thirty shekels of Nir.

In the role of the monetary unit of the State of Israel, the shekel was used sometime in the 1st century AD, when the first disobedience of the Jews took place, which resulted in an uprising against the oppression of the Roman Empire. On coins it was minted not by denomination, but by the letters of the Hebrew alphabet, which marked the years of insurrectionary struggle. And after the second insurrection, when new coins began to be minted, there was a devastation of the Jews and the existence of the shekel was forgotten for a long time.

For a very long time, the land of Israel was considered the territory of Palestine, which was in the Ottoman Empire. In 1840, Palestine introduces the first paper Banknotes. And these treasury tickets were called kurushas. Further in 1922, the collapse of the Ottoman Empire occurs, and the whole of Palestine is governed by the decision of the League of Nations by Great Britain. With the establishment of the new government, a new currency is introduced - the Egyptian pound, a little later the Palestinian pound.

Shekel as the main currency of the country.

In 1948, the United Nations proclaimed Israel an independent state and the Israeli currency at that time began to be called the Israeli pound, which consists of 1,000 miles. 1960 was marked by the introduction of a new series of Israeli pounds. The new currency of Israel has changed its design. Five-pound banknote carried the image of Einstein, on the rest were depicted the political figures of Israel. But, unfortunately, because of the instability of the country's economy, inflation of the money supply, banknotes changed almost every ten years. Even a denomination was made - cutting off two zeros, thus, the light saw for the third time the renewed currency of Israel.

Since 1969, it was planned to abandon the Israeli pound, but this operation was kept in the strictest secrecy. Since February 24, 1980, after the Knesset passed the law on the return to the shekel, the currency in Israel was again subjected to the cutting of zeros.

However, in 1985 the country was covered by monetary hyperinflation. The government was forced to take extreme measures and withdraw the depreciated shekel from circulation. The replacement for him was the new shekel, which is used to this day. In circulation there are monetary coins of 10 and 50 agorot, and banknotes 1, 5, 10 shekels.

Since 1998, the updated currency of Israel has been printed from a polymer material with a vertical design, on which signs for the blind are present. The size of all banknotes is standard 138x71.

The way of this money was quite difficult and difficult, but I want to believe that they will stay for a long time.