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Israel currency is called the ‘shekel’. Shekels are abbreviated as either ILS, or more commonly NIS (which stands for New Israeli Shekel). Shekels are the best currency to use while in Israel.
The original shekel, now known as the old shekel, was the currency of the State of Israel between 24 February 1980 and 31 December 1985. Both it and its predecessor, the Israeli pound, experienced frequent devaluations against foreign currencies during the 1960s and 1970s.
sheqel, monetary unit of Israel. The sheqel (plural: sheqalim) is divided into 100 agorot. Israel’s current monetary system, based on the New Israeli Sheqel (NIS), was established in 1985, when the old sheqel was replaced at a rate of 1,000 old sheqalim to 1 new sheqel (NIS 1).
The Israeli Shekel is the currency of Israel. Our currency rankings show that the most popular Israeli Shekel exchange rate is the ILS to USD rate. The currency code for New Shekels is ILS , and the currency symbol is ₪.
The currency in Israel is the Israeli new shekel. As the official legal tender in Israel, the Israeli new shekel is officially recognized by the Israeli government, meaning you can use it to settle all financial obligations in the country, including paying for goods, services, taxes, and debts.
11 Μαρ 2020 · Israeli currency is called “New Israeli Shekel” commonly called Shekel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The abbreviations are both NIS and ILS. The currency symbol is ₪ and typically appears after the number. For example 20₪, 50₪, 100₪ and 200₪.
31 Ιουλ 2017 · Israel’s official currency is the shekel. It’s formally called the New Shekel, having replaced the ‘old’ shekel in 1985. There are 100 agora in a shekel.
