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Israeli new sheqel

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1 sheqel coin

ISO 4217 Code ILS

User(s) Israel, Palestinian Authority

Inflation 1.3%

Source The World Factbook, 2005

Subunit

1/100 agora

Symbol ₪

Plural sheqalim or shekalim

agora agorot

Coins 5, 10, 50 agorot, 1, 5, 10 sheqalim

Banknotes 20, 50, 100, 200 sheqalim

Central bank

Bank of Israel

Website www.bankisrael.gov.il

The Israeli new sheqel or New Israeli sheqel - שקל חדש(abbr. NIS; symbol: ₪; also spelled shekel; pl. sheqalim or shekalim - שקלים) is the currency of Israel. It replaced the Israeli sheqel in 1985 at a rate of 1000 Israeli sheqels per 1 New Israeli sheqel. The ISO 4217 code for the NIS is ILS. The NIS is divided into 100 agorot (sing. agora).

In Hebrew, the NIS is called "שקל חדש" (Sheqel Khadash), and is usually abbreviated ש"ח (pronounced shaḥ). The symbol for the NIS is ₪, a combination of the first Hebrew letters of the words sheqel (ש) and khadash (ח).

Since January 1, 2003, the NIS has been a freely convertible currency.

1 Coins
2 Banknotes
3 References
4 External links

[edit] Coins

Coins exist of:

5 agorot
10 agorot
50 agorot (½ new sheqel)
1 new sheqel
2 new sheqalim
5 new sheqalim
10 new sheqalim

The 1 agora coin (issued in 1985) was abolished in 1991. In late 2004, the Bank of Israel announced a plan to issue a 2 NIS coin which was realised in August 2006. <ref>World coin news (2006-08-22). Update - Israel.. Retrieved on 2006-10-20.</ref>

[edit] Banknotes

Denominations exist of 20, 50, 100, and 200 NIS. Originally there were also banknotes of 1, 5, and 10 NIS. These were replaced by coins in subsequent years. A plan to issue a 500 NIS banknote, carrying the portrait of Yitzhak Rabin, was announced shortly after Rabin's assassination in 1995. However, due to low inflation rates, there is currently no need for such a banknote, and it is not expected to be issued in the foreseeable future.

Second Series of the New Sheqel
Value	Dimensions	Obverse	Reverse
20	71x 138 mm	Moshe Sharett	Jewish volunteers in World War II; a watchtower, commemorating tower and stockade settlements
50		Shmuel Yosef Agnon	Agnon's notebook, pen and glasses, Jerusalem and the Temple Mount
100		Yitzhak Ben-Zvi	a synagogue in Peki'in
200		Zalman Shazar	a street in Safed and text from Shazar's essay about Safed

Current ILS exchange rates

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[edit] References

[edit] External links

Currencies of Asia and the Pacific
Central	Afghan afghani \| Kazakhstani tenge \| Kyrgyzstani som \| Mongolian tugrug \| Russian ruble \| Tajikistani somoni \| Turkmenistani manat \| Uzbekistani som
East	Chinese yuan \| Hong Kong dollar \| Japanese yen \| Macanese pataca \| North Korean won \| South Korean won \| New Taiwan dollar
South-East	Brunei dollar \| Cambodian riel \| Indonesian rupiah \| Lao kip \| Malaysian ringgit \| Myanmar kyat \| Philippine peso \| Singapore dollar \| Thai baht \| US dollar (East Timor) \| Vietnamese đồng
South	Bangladeshi taka \| Bhutanese ngultrum \| Indian rupee \| Maldivian rufiyaa \| Nepalese rupee \| Pakistani rupee \| Sri Lankan rupee
West	Armenian dram \| Azerbaijani manat \| Bahraini dinar \| Cypriot pound \| Egyptian pound \| Georgian lari \| Iranian rial \| Iraqi dinar \| Israeli new sheqel \| Jordanian dinar \| Kuwaiti dinar \| Lebanese lira \| Omani rial \| Qatari riyal \| Saudi riyal \| Syrian pound \| Turkish new lira \| UAE dirham \| Yemeni rial
Pacific	Australian dollar (Kiribati, Nauru, Norfolk Island, Tuvalu) \| CFP franc (French Polynesia, New Caledonia, Wallis and Futuna) \| Cook Islands dollar \| Fijian dollar \| New Zealand dollar (Cook Islands, Niue, Tokelau, Pitcairn Islands) \| Papua New Guinean kina \| Samoan tala \| Solomon Islands dollar \| Tongan pa'anga \| US dollar (American Samoa, Guam, Northern Mariana Islands, Marshall Islands, Federated States of Micronesia, Palau) \| Vanuatu vatu
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