shekel
she kuhl
- n the basic unit of money in Israel
- The result: a 23% devaluation of the shekel and a sharp cut in food subsidies, meaning an average price increase of 50% on basic items like bread, milk and meat.
- One digit was knocked off the currency so that 10 became one shekel.
- Historians have not definitively established a shekel's worth, but certainly the total earnings were great.