The new shekel is the currency of Israel, introduced to replace the old shekel after a period of very high inflation in the early 1980s, when prices were rising by hundreds of percent a year. The old shekel had itself replaced the Israeli lira in 1980. In 1985 a stabilisation programme brought inflation under control, and one new shekel was set equal to one thousand old shekels. It is divided into one hundred agorot. The new shekel is also used in the Palestinian territories, and it has become a stable currency that is freely traded abroad. Its notes carry portraits of Israeli cultural figures and poets, and its symbol is a combination of the Hebrew letters shin and het.
Before and after
- 27 December 1984Discovery of the Allan Hills 84001
- 30 December 1984Birth of LeBron James
- 1985Everybody Wants to Rule the World
- 1985Construction of Bible Lands Museum
- 1985Introduction of new shekel
- from 1985 to 1991Perestroika
- 1985Founding of Economic Cooperation Organization
- 1985Trial of the Juntas
- c. 1980sIslamism in the Gaza Strip
More in Society, economy & sport
- 24 October 1945Founding of United Nations
- 5 October 1948Founding of International Union for Conservation of Nature
- 1960Founding of Somalia
- 1 October 1963Founding of Nigeria
- 1 November 1993Founding of European Union
- 2015Rise of Wikipedia Asian Month
The era
This moment belongs to the Contemporary world (1945 CE to today), the world since 1945. You can also browse everything in the 20th century.