IS | |
|---|---|
 IS 1000 banknote (obverse and reverse) issued in 1983 | |
| ISO 4217 | |
| Code | ILR |
| Unit | |
| Unit | shekel |
| Plural | shqalim |
| Symbol |  |
| Denominations | |
| Subunit | |
| 1⁄100 | new agora |
| Plural | |
| new agora | new agorot |
| Banknotes | IS 1, IS 5, IS 10, IS 50, IS 100, IS 500, IS 1000, IS 5000, IS 10,000 |
| Coins | 1, 5, 10 new agorot, IS1⁄2, IS 1, IS 5, IS 10, IS 50, IS 100 |
| Demographics | |
| Date of introduction | 24 February 1980 |
| Replaced | Israeli pound |
| Date of withdrawal | 31 December 1985 |
| Replaced by | Israeli new shekel |
| User(s) |  Israel (1980–1985) |
| Issuance | |
| Central bank | Bank of Israel |
| Website | www |
| Valuation | |
| Inflation | 1000% (1984) |
| This infobox shows the latest status before this currency was rendered obsolete. | |
The old Israeli shekel, then known as the shekel (Hebrew: שקל, formally sheqel, pl. שקלים, Sheqalim; Arabic: شيكل, šēkal, formerly Arabic: شيقل, šēqal until 2014; code ILR), was the currency of the State of Israel between 24 February 1980 and 31 December 1985. It was replaced by the Israeli new shekel at a ratio of 1,000:1 on 1 January 1986. The old shekel was short-lived due to its hyperinflation. The old shekel was subdivided into 100 new agorot (אגורות חדשות). The shekel sign was although it was more commonly denominated as S or IS.
The Israeli old shekel replaced the Israeli pound (IL), which had been used until 24 February 1980, at the rate of IS 1 shekel to IL10.