Israeli Old Sheqalim
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The Israeli Old Shekel (ILR) was the currency of Israel between 1980 and 1985. It replaced the Israeli Pound (ILP). The Israeli old Shekel was Israel’s currency only for a short time period. Due to very high inflation, the value of the Old Sheqalim banknotes and coins evaporated quickly, so that ever higher denominations had to be issued.
In 1985 the Bank of Israel dropped three zeroes from the banknotes and relaunched the national currency. The Old Shekel was replaced by the New Shekel at a rate of 1000 old sheqalim to 1 new shekel (ILS).
We exchange all Old Israeli Sheqalim banknotes to cash. In addition, Old Israeli Shekel coins will soon be added on this page as well. To exchange your Israeli Old Sheqalim, select the type of ILR you want to exchange:
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obsolete Israeli Old Shekel banknotes
1978 - 1985Exchange Rate: £0.00002The Old Israeli Shekel (ILR) was Israel's national currency from 1980 until 1985. It was replaced by the New Israeli Shekel (ILS) at a rate of 1000 old shekel to 1 new shekel. The oldest ILR banknotes are dated 1978 but they only entered circulation in 1980. The highest denomination banknotes of the Old Israeli Shekel, 1,000, 5,000 and 10,000 Sheqalim were replaced by new shekel banknotes with three zeroes less. The banknotes of 500 old sheqalim and less were replaced by coins. The Old Israeli Shekel is an obsolete currency for which the banknotes have no more monetary value. However at Leftover Currency we continue to exchange obsolete Israeli old Shekel banknotes for a value that covers their collectible value. In addition we also exchange Israeli New Shekel banknotes and coins.
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