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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.
Its currency symbol is ₪ , although it is often notated as ש״ח or NIS. It is subdivided into 100 agorot. Both Israeli shekels are solely units of fiat currency, and not related to the weight of any precious metal.
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).
28 Αυγ 2024 · What is the shekel? From ancient biblical times to modern-day Israel, the shekel has been more than just a unit of currency; it is a link to ancient culture and biblical history.
Find out everything you need to know about the Israel currency, exchanging money, using credit cards in Israel and local automated teller machines (ATMs).
11 Αυγ 2018 · But let’s begin with the basics of money in Israel: The local currency is the Israeli Shekel (ILS) or New Israeli Shekel (NIS). Its sign is – ₪. There are four banknotes: 200 ILS, 100 ILS, 50 ILS and 20 ILS. There are six coins: 0.1 ILS, 0.5 ILS, 1 ILS, 2 ILS, 5 ILS and 10 ILS.
The Israeli Shekel (ILS) is an adaptable and robust currency that has a long history and is essential to Israel's economic and cultural life. In this comprehensive guide, we'll delve into the Israeli shekel, exploring its history, denominations, features, and much more.
