The Israeli New Shekel (ILS) is the currency of the State of Israel and is issued by the Bank of Israel. The name “Shekel” derives from an ancient unit of weight of approximately one ounce or 12 grams.
The currency is fully convertible, and is traded on currency futures contracts in the foreign exchange market. It replaced the old Israeli Shekel in 1986, which replaced the Israeli Lira in 1980.
The Israeli New Shekel is divided into 100 agorot. Coins currently in circulation include 10 agorat, ½ shekel, 1 shekel, and 2, 5, and 10 shekalim.
Symbols and Names
ISO 4217 Code
ILS
Central Bank
Currency Subunits
Denominations
Countries Using This Currency
Currencies Pegged To ILS :
None
ILS Is Pegged To:
None
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