The
old shekel, known at the time as simply
shekel (, plural
shekalim;
šīqal) was the
currency of the State of
Israel between 24 February 1980 and 31 December 1985 until
replaced by the
Israeli new shekel at a ratio of 1000:1 on 1 January 1986. The old shekel was short-lived due to the high rates of inflation in Israel at the time. The old shekel was subdivided into 100 new agorot (אגורות חדשות). The shekel sign was . The
Israeli lira was used until 24 February 1980.