History
In 1980 the shekel replaced the lira at a rate of 1 shekel = 10 lira. After suffering from high inflation, the shekel was replaced by the new shekel in a process started in September 1985 at a rate of 1 new shekel = 1000 old shekalim.
Read more about this topic: Old Israeli Shekel
Famous quotes containing the word history:
“It takes a great deal of history to produce a little literature.”
—Henry James (1843–1916)
“This above all makes history useful and desirable: it unfolds before our eyes a glorious record of exemplary actions.”
—Titus Livius (Livy)
“... that there is no other way,
That the history of creation proceeds according to
Stringent laws, and that things
Do get done in this way, but never the things
We set out to accomplish and wanted so desperately
To see come into being.”
—John Ashbery (b. 1927)