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 banknotes were introduced in denominations of ₪5, ₪10, and ₪50, followed by ₪1 and ₪100 in 1986, ₪20 note in 1988, and ₪200 note in 1992. Coins later replaced the ₪1, ₪5, and ₪10 notes. The second series, introduced in 1999, replaced the 2005 series and introduced the ₪500.
In 2012, The Bank of Israel announced a new series of banknotes which was introduced between 2012 and 2017; 20₪, ₪50, ₪100, and ₪200.
The 20 Israeli new sheqalim note front design features Moshe Sharett (1894 – 1965), was the Second Prime Minister of Israel between 1954 and 1955 and Foreign Minister from 1955 to 1956. In the background, a photo of the ceremony for deploying the Israeli flag at the UN building in 1949 and next to Sharet’s portrait is an excerpt from the text of the speech delivered at the event. The lettering on this side of the note is in the Hebrew language. The reverse of the note illustrates the photograph of the volunteers of the Jewish Brigade during World War II, in the background a watchtower before the State can be seen. The lettering on this side of the note is in the Arabic and English languages. This note is part of the 2008 series, and its color is dark green on a multicolor underprint.
Text: Bank of Israel, Twenty Shekels, Charmain of the Advisory Board, Governor of the Bank, Moshe Sharet 1855 (19650 – 1965, The Star of David is the one that we have been with for thousands of years and the trunks, the scattering and the cuttings: the Star of David which we had had a carpenter wandering; A foreign Star of David that was turned into a sign of disgrace by our oppressors: This sick white flag that was carried by us in Babylon was a pity, and they came to Israel, or there is Israel, who accompanied our pioneers to feel for the first time a land of desolation; Ziter and Arshet in the Desperate Index, this flag to which we responded who are the comfort of the Jewish people who fought for in the hall in the land of the fathers this day the complete special, in a gifted Greek neon as the fiftieth thing symbolizing the unity and aspirations of all mankind, 20 New Shekels, 2008.