Israel - 500 Israeli Sheqalim - P-48 - 1982/5742 dated Foreign Paper Money

500 Sheqalim, P-48a. Nice red! The new Israeli shekel, also known as simply the Israeli shekel, is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 agorot. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1. The currency sign for the new shekel is a combination of the first Hebrew letters of the words shekel and adash (new). When the shekel sign is unavailable the abbreviation NIS is used. Read more at https://en.wikipedia.org/wiki/Israeli_new_shekel