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What is Israel Currency? Information About the Israeli New Shekel!

by Financial Economy
What-is-Israel-Currency-Information-About-the-Israeli-New-Shekel

Israel is a country located in the south of the Mediterranean, at the crossroads of Asia and Africa. The region in which Israel is located is accepted as the Middle East. Israel’s official name is the State of Israel. Israel is geographically in Asia. The Israeli currency, The Israeli New Shekel, is an increasingly valuable currency. Detailed information about the Israeli currency is in the rest of the article. You can browse here for Malaysian currency.

What is Israel Currency? Information About the Israeli New Shekel!

The Israeli New Shekel is the currency used in Israel. Shekel was used both as money and as a unit of weight in Sumerians. It also meant some wheat in Mesopotomia. The word Shekel is also included in the Torah. The Israeli Shekel was named for this reason. The Israeli New Shekel is expressed as “שקל חדש” in Hebrew and as “شيكل جديد” in Arabic. The Israeli New Shekel is issued by the “Bank of Israel”, the Central Bank of Israel. Israel used the Pound as its currency between 1952 and 1980. The Israeli currency in these years is the Israeli Pound. In 1980, Israel started using the Shekel as its currency. In 1985, he switched to the New Israeli Shekel.

The Israeli Shekel Code is ILS. NIS is used together with ILS as the new Israeli Shekel code. The Israeli Shekel is used as plural shekels or sheqalim, with the symbol “₪”. The Israeli Shekel sub-currency is known as the “Agora”. Agoras or Agorot are used as plural form of agora. 100 Agoras or 100 Agorots are equivalent to 1 New Israeli Shekel.

New Israeli Shekel Banknotes and Coins!

The Israeli New Shekel banknotes in circulation are as follows.

  • ₪ 20 New Israeli Shekels
  • ₪ 50 New Israeli Shekels
  • ₪ 100 New Israeli Shekels
  • ₪ 200 New Israeli Shekels

The Israeli New Shekel coins in circulation are as follows.

  • 1 Agora
  • 5 Agorot
  • 10 Agorot
  • ₪ ½ Israeli New Shekel
  • ₪ 1 Israeli New Shekel
  • ₪ 2 New Israeli Shekels
  • ₪ 5 New Israeli Shekels
  • ₪ 10 New Israeli Shekels

For details: https://en.wikipedia.org/wiki/Israeli_new_shekel

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