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The Shekel of Tyre set the gold standard for coinage and was accepted as legal tender all over the Greek and Roman Empire.
Shalom said that by 2015, the transition to gas-based production is expected save the Israeli economy about three billion shekels (about 850 million dollars) per month.
The French bank said that the shekel, which has increased by 3.7 per cent this year, may strengthen further.
In New York trading, the dollar was down 0.8%, buying 3.81 shekels (CUR_USDILS 3.8120, -0.0070, -0.1833%) .
The recommendation contrasts analyst forecasts for a 12% rally in the zloty by year end and 11% for the forint, outpacing 4.4% for the shekel and a loss of 0.3% for the rand, based on the median of estimates on Bloomberg late yesterday.
"Its good news for people living in Israel because the purchasing power of the shekel is very strong," Beenstock said.
Israeli banks cut ties with banks in the Gaza Strip in 2007 after Hamas took over and Israel declared it an "enemy entity." Last year, Israeli banks stopped accepting cash deposits from banks in the West Bank, leading to a shekel build-up there.
The combined weight of the 12 silver bowls came to 1,560 shekels. The sum of the digits of 1,560 is 1 + 5 + 6 = 12, and the sum of 1 + 2 = 3; another reminder, that the 12 tribes are the direct descendants of the 3 patriarchs.
Sin-adallal rents a house to Kes-iddinam for one year for 1/2 shekel of silver.
In 1990, when it needed funding to refinance and improve some of its American properties, one of DL Shekel's first tier subsidiaries, Tridel Corporation, made the financial arrangements.
The Israeli digital shekel would record every transaction by mobile phone, thereby, making tax evasion more difficult, reported the Jerusalem Post, citing an anonymous financial official as saying.
The existing TA-25 Index is a shekel gross total return index that reflects the changes in the shekel price of the shares comprising the index and reflects the gross dividend return for such shares.