Israeli new shekel

High school (ages 12+)
People & Society

Name:

Date:

Step 1 · Read the article

Open the article and read it at the level above. Then answer the questions below in your own words.

https://smallwhale.org/articles/israeli-new-shekel

Write what each word means, using the article.

Do not copy the article. Write two things you learned, the way you would explain them to a friend.

Answers below are taken from the article’s stored facts, so they match what the student read.

1. What is the ISO currency code?ILS
2. What is the date of introduction?January 1, 1986
3. Why did Israel change its money in 1986?Israel changed its money in 1986 to stop hyperinflation, which made the old shekel almost worthless. The new shekel replaced 1,000 old shekels with 1 new shekel to help the economy grow again.
4. How does the shekel symbol look and what does it mean?The symbol ₪ is made from the first letters of the Hebrew words for “shekel” (ש) and “new” (ח). It looks like a mix of those letters and shows Israel’s culture.

De Facto Legal Tender: A currency that is widely accepted and used in practice, even if not officially mandated by law.
Economic Stabilization Plan: A set of government policies aimed at controlling inflation and restoring economic order.
Monetary Policy: Actions undertaken by a central bank to manipulate the money supply and credit conditions to stimulate or restrain economic activity.