The Israeli new sheqalim is the official currency of Israel since 1986 when it replaced the old shekel; the legal tender is also used in the Palestinian territories of the West Bank and the Gaza Strip. The official currency symbol; ₪. The name is derived from the Hebrew root (š-q-l), meaning “weigh”. After the economic crisis in the 1980s, the Bank of Israel, commanded by the Government of Israel, decided to remain under more efficient and cautious fiscal and monetary policies, which allowed the introduction of market economic reforms, achieving a more competitive Israeli economy. In 1985, a new series of coins was introduced in denominations of 1 agora, 5 agorot, 10 agorot, ₪1/2, ₪1, followed by ₪5 in 1990 and ₪2 in 2007.
The 2 Israeli new sheqalim coin front design illustrates pair of a cornucopia with fruits, cereals and a pomegranate in the middle, the National Emblem (consist of a menorah surrounded by an olive branch and the writing Israel in the Hebrew language), and a pearl design that surrounds the upper half of the coin. The lettering is presented in the Hebrew, Arabic and English languages. The reverse coin design illustrates the denomination in the Hebrew and English language, the date in Hebrew and a pearl design that surrounds the top half of the coin. This coin is part of the 2008 – 2017 (5768 – 5777) series, its rim is partially milled with four notched segments, and its color is silver.
Text: Israel, 2 New Sheqalim.