Israeli new shekel

The Israeli New Shekel (NIS) is the official currency of Israel. It is abbreviated as "₪" or "ILS" and is divided into 100 agorot.

Here are some key facts about the Israeli New Shekel:

  1. Introduction: The New Shekel was introduced in 1985, replacing the Old Shekel at a rate of 1,000 Old Shekels to 1 New Shekel.
  2. Coins: The Israeli New Shekel has coins in denominations of 1, 5, 10, and 50 agorot, as well as 1, 2, 5, and 10 New Shekels.
  3. Banknotes: The banknotes are in denominations of 20, 50, 100, and 200 New Shekels.
  4. Exchange rate: The exchange rate of the Israeli New Shekel is floating, meaning it can fluctuate based on market forces.
  5. Currency code: The currency code for the Israeli New Shekel is ILS.
  6. Symbol: The symbol for the Israeli New Shekel is ₪.
  7. Plural form: The plural form of the word "Shekel" is "Shekalim" (שקלים).
  8. History: The Shekel has a long history in Israel, dating back to ancient times. The modern Israeli Shekel was introduced in 1985, replacing the Old Shekel.
  9. Currency circulation: The Israeli New Shekel is widely accepted in Israel and is also used in the Palestinian territories.
  10. Digital currency: Israel has also introduced a digital currency called the "Shekel Digital" (SD), which is a digital version of the physical currency.

Overall, the Israeli New Shekel is an important part of Israel's economy and is widely used in the country.