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The currency sign for the new shekel ₪ is a combination of the first Hebrew letters of the words shekel (ש ) and ẖadash (ח ) (new). When the shekel sign is unavailable the abbreviation NIS (ש״ח and ش.ج) is used.
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 currency of Israel is the Israeli new shekel. The Israeli new shekel is coded as ILS, and was formerly known as New Israeli Sheqel (NIS). The Israeli new shekel is symbolized by ₪, which is a combination of the signs of two Hebrew words: shekel and hadash.
The "₪" symbol on the left and the abbreviation "ש״ח" on the right may be used interchangeably. The shekel sign ₪ is a currency sign used for the shekel, the currency of Israel. Israeli new shekel (1986–present)
28 Αυγ 2024 · Today, one New Israeli Shekel (NIS) is worth about a quarter of a U.S. dollar—a far cry from the weighty silver coins of old, but still significant in the daily lives of Israelis. The New Israeli Shekel stands as a symbol of Israel’s economic resilience.
The shekel is the name of money used in ancient times in the Bible and in places like the Land of Israel. People usually call the money simply "the shekel." The plural of shekel is shkalim. Shkalim are divided into 100 agorot. The shekel has its own special symbol: ₪.
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. Besides the Israeli new shekel, no other currency is officially accepted in Israel.
