periods of time at the end of the period: June 1983: IS 47.52 December 1983: IS 107.77 March 1984: IS 153.26 June 1984: IS 236.40 September 1984: IS 401.34 December 1984: IS 638.71 March 1985: IS 858.50 June 1985: IS 1262.40 By August 1985, the exchange rate for one U.S. dollar reached IS 1500. The new Israeli shekel replaced the shekel following its hyperinflation and the enactment of the economic stabilization plan of 1985 which brought inflation under control. It became the currency of Israel on 4 September 1985, removing three zeros from the old notes. The old shekel is no longer in circulation, has been demonetized, and is not exchangeable to current legal tender by the Bank of Israel. Coins The initial series of coins in 1980 were for the denominations of 1, 5, and 10 new agorot and . These preserved the appearance of the similar coins under the pound but were worth 10 times as much. The initial runs were struck at foreign mints in order to preserve the secrecy of the coming currency conversion. coins were introduced in 1981; and IS 10 coins in 1982; and and IS 100 coins in 1984. The 1 and 5 new agorot coins were aluminum; the 10 new agorot and , IS 1, and IS 100 coins cupronickel; the and IS 50 coins an alloy of copper, aluminum, and nickel; and the cupro-aluminum. Note that all dates on Israeli coins are given in the Hebrew calendar and are written in Hebrew numerals. Banknotes The initial series of banknotes in 1980 were for the denominations of IS 5, IS 10, and IS 50 and preserved the appearance of the IL10, IL50, IL100 and IL500 notes which they replaced. Subsequent issues added the denominations of IS 500, IS 1,000, IS 5,000, and . See also Bank of Israel Economy of Israel References Citations Bibliography External links Bank of Israel catalog of Israeli currency since 1948 Sheqel Modern obsolete currencies 1980 establishments in Israel 1985 disestablishments in Israel 1980s economic history Cultural depictions of David Ben-Gurion Cultural depictions of Golda Meir