



The Old Israeli Sheqel (also known as simply the Shekel, Hebrew: שקל) replaced the Israeli pound which was used until 24 February 1980. It was the currency of the State of Israel between 1980-1985 and was replaced by the Israeli New Shekel at a ratio of 1000:1 on 1 January 1986. The old Shekel was short-lived due to its hyperinflation. Presently, the old Shekel is no longer in circulation and is not regarded as legal tender by the Bank of Israel.
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