The Israeli New Shekel is the currency of the State of Israel since 1986, replacing the Old Shekel at a ratio of 1000 to 1. Shekel was the name of the main silver coins of the Jews in biblical times, originally a unit of weight equal to one three-thousandths of a talent. Its Hebrew name is ‘sheqel’, this itself deriving from the verb ‘shaqal’, meaning ‘to weigh’.
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