Israeli currency 5 New Shekels banknote 1987 Bank of Israel
Obverse: Portrait of Levi Eshkol; a panorama of united Jerusalem; the denomination "Five New Sheqallm" and "Bank of Israel" in Hebrew.
Reverse: Pipe carrying water, symbolizing Eshkol's enterprise, against a background of meadow and barren land; the denomination "5 New Sheqalim" and "Bank of Israel" in Arabic and English.
Watermark: Portrait of Levi Eshkol.
Security thread: In the centre of the note.
Look-through: A geometric pattern on the front merges with a pattern on the back to form a Star of David when held against the light.
Sign for the blind: A square in the upper right-hand corner of the front.
Colour of numbering: Black.
Signatures: Governor of the Bank: in series A, Moshe Mandelbaum, in series B, Michael Bruno; Chairman of the Advisory Council: in series A, Avraham Shapira, in series B, Shlomo Lorincz.
Design: Jacob Zim.
Year: 1985.
Date of issue: September 4, 1985.
Size: 138 X 76 mm.
Dominant colour: Blue.
Israel Banknotes - Israel Paper Money
First Series of the New Sheqel
The Israeli new shekel has been in use since 1 January 1986 when it replaced the old shekel that was in usage between 24 February 1980 and 31 December 1985, at a ratio of 1000:1.
1 New Sheqel 5 New Sheqalim 10 New Sheqalim 20 New Sheqalim
50 New Sheqalim 100 New Sheqalim 200 New Sheqalim
Levi Eshkol
Levi Eshkol (born Levi Shkolnik 25 October 1895 – 26 February 1969) served as the third Prime Minister of Israel from 1963 until his death from a heart attack in 1969. He was the first Israeli Prime Minister to die in office.
Levi Eshkol (Shkolnik) was born in the shtetl of Oratov, Kiev Governorate, Russian Empire (now Orativ, Vinnytsia Oblast, Ukraine). His mother (born as Dvora Krasnyanskaya) came from a Hasidic background and his father (Joseph Shkolnik) came from a family of Mitnagdim. Eshkol received a traditional Jewish education in Vilna (now Vilnius, Lithuania).
In 1914, he left for Palestine, then part of the Ottoman Empire. He was a leading member of the Judea Workers' Union in 1915–17. During World War I, he volunteered with the Jewish Legion.
Eshkol joined Kibbutz Deganya Bet and married Rivka Maharshek. They divorced shortly after the birth of their daughter, Noa, in 1924. Eshkol's second wife was Elisheva Kaplan, with whom he had three daughters, Dvora (mother of Sheizaf Rafaeli) , Ofra (mother of Eshkol Nevo), and Tama (wife of Avraham Shochat).
In 1964 he married Miriam, a librarian at the Library of the Knesset 35 years his junior.
Prior to and immediately after the establishment of the State of Israel, Eshkol was a member of the Haganah high command. He engaged in arms acquisition for the Haganah prior to and during the 1948 Arab-Israeli War. After Israel's victory, Eshkol was appointed Director-General of the Ministry of Defense, serving from 1950 to 1951.
Eshkol was elected to the Knesset in 1951 as a member of Mapai party. He served as Minister of Agriculture until 1952, when he was appointed Finance Minister following the death of Eliezer Kaplan. He held that position for the following 12 years. During his term as Finance Minister, Eshkol established himself as a prominent figure in Mapai's leadership, and was designated by Prime Minister David Ben-Gurion as his successor.
When Ben-Gurion resigned in June 1963, Eshkol was elected party chairman with a broad consensus, and was subsequently appointed Prime Minister. However, his relationship with Ben-Gurion soon turned acrimonious over the latter's insistence on investigating the Lavon Affair, an Israeli covert operation in Egypt, which had gone wrong a decade earlier. Ben-Gurion failed to challenge Eshkol's leadership and split from Mapai with a few of his young protégés to form Rafi in June 1965. In the meantime, Mapai merged with Ahdut HaAvoda to form the Alignment with Eshkol as its head. Rafi was defeated by the Alignment in the elections held in November 1965, establishing Eshkol as the country's indisputable leader. Yet Ben-Gurion, drawing on his influence as Israel's founding father, continued to undermine Eshkol's authority throughout his term as Prime Minister, portraying him as a spineless politician incapable of addressing Israel's security predicament.
Eshkol formed the twelfth government of Israel in 1963. His first term in office saw continuous economic growth, epitomized by the opening of the National Water Carrier system in 1964. His and Finance Minister Pinchas Sapir's subsequent "soft landing" of the overheated economy by means of recessive policies precipitated a drastic slump in economic activity. Israel's centralized planned economy lacked the mechanisms to self-regulate the slowdown, which reached levels higher than expected. Eshkol faced growing domestic unrest as unemployment reached 12% in 1966, yet the recession eventually served in healing fundamental economic deficiencies and helped fuel the ensuing recovery of 1967–1973.
Upon being elected into office, Levi Eshkol fulfilled Ze'ev Jabotinsky's wish and brought his body and that of his wife to Israel where they were buried in Mount Herzl Cemetery.
Eshkol worked to improve Israel's foreign relations, establishing diplomatic relations with West Germany in 1965, as well as cultural ties with the Soviet Union, which also allowed some Soviet Jews to immigrate to Israel. He was the first Israeli Prime Minister invited on an official state visit to the United States in May 1964. The special relationship he developed with President Lyndon Johnson would prove pivotal in securing US political and military support for Israel during the "Waiting period" preceding the Six Day War of June 1967.
Today, Eshkol's intransigence in the face of military pressure to launch an Israeli attack is considered to have been instrumental in increasing Israel's strategic advantage as well as obtaining international legitimacy, yet at the time he was perceived as hesitant, an image cemented following a stuttered radio speech on 28 May. With Egyptian President Nasser's ever more overt provocations, he eventually succumbed to public opinion and established a National Unity Government together with Menachem Begin's Herut party, reluctantly conceding the Defense portfolio to war hero Moshe Dayan, a close ally of Ben-Gurion's and a member of his Rafi party. Israel's overwhelming victory allowed Eshkol to remain Prime Minister despite never receiving recognition for his role in achieving it.
In the year following the war, Eshkol's health gradually declined, although he remained in power. He died of a heart attack, aged 73, in February 1969.