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agorot

Agorot are the subunits of the Israeli currency, the new Israeli shekel (NIS). One shekel is equal to 100 agorot, and prices are often quoted to the nearest agorot in everyday transactions. The term agorot is the plural of agora in Hebrew and is used widely in commerce, accounting, and financial reporting in Israel.

History and status: The modern system of agorot was introduced with the new Israeli shekel reform in

Coins and use: Agorot are minted as coins and circulate in several denominations. The smallest widely circulating

Economy and practice: In everyday life, shoppers and businesses quote and handle amounts in both shekels and

See also: New Israeli shekel, Israeli currency, Coins of Israel, Banknotes of Israel.

the
mid-1980s,
which
stabilized
the
currency
after
a
period
of
high
inflation.
Since
then,
agorot
have
served
as
the
decimal
subdivision
of
the
shekel,
allowing
for
fractional
pricing
and
payments
alongside
whole-shekel
amounts.
coin
is
typically
5
agorot,
with
other
common
agorot
denominations
curved
to
align
with
pricing
in
the
market.
Higher-value
transactions
and
banknotes
are
denominated
in
shekels,
while
agorot
handle
the
fractional
component
of
amounts.
agorot,
for
example
“X
shekels
and
Y
agorot.”
While
the
use
of
very
small
coins
has
varied
with
inflation
and
minting
practices
over
time,
the
100
agorot
per
1
shekel
framework
remains
the
standard.