Coin 1/2 New Sheqel Israel 1986 Shekel Rothschild, State Emblem Menorah Rare For Sale
1/2 New Sheqel Israel coin - Rare special edition with Edmond de Rothschild Circulated, from 1986 Country: Israel Series: 1986-Today (New Sheqel)Issued on: 1986Weight: 6.5 grams Diameter: 26 mmComposition: Aluminum-BronzeMint: Israel Government Coins and Medal Corporation, Jerusalem, IsrealDenomination: 1/2 Israeli New SheqelMintage: 2,000,000Description: Rothschild
The Israeli New Sheqel is the currency of the State of Israel. The Sheqel consists of 100 Agorot. The Israeli New Sheqel has been in use since 1 January 1986 when it replaced the Old Israeli Sheqel that was in usage between 24 February 1980 and 31 December 1985, at a ratio of 1000:1.
The Israeli Lira, followed by the Old Sheqel, experienced frequent devaluations
against the US dollar and other foreign currencies starting in the
early 1960s and accelerating from the mid-1970s. This trend culminated
in the old shekel suffering from hyperinflation in the early 1980s. After inflation was contained as a result of the 1985 Economic Stabilization Plan, the New Sheqel was introduced, replacing the Old Sheqel on 1 January 1986, at a rate of 1,000 Old Shqalim = 1 New Sheqel.
In 1985, coins in denominations of 1, 5 and 10 Agorot, ½ and 1 New Sheqel were introduced. In 1990, 5 New Shqalim coins were introduced, followed by 10 New Shqalim in 1995. Production of 1 Agora pieces ceased in 1990 too, and they were removed from circulation on 1 April 1991. A 2 New Shqalim coin was introduced on 9 December 2007. The 5 Agorot coin, last minted in 2006, was removed from circulation on 1 January 2008.
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Coin 1/2 New Sheqel Israel 1986 Shekel Rothschild, State Emblem Menorah Rare: $1