Currency Rate Israeli Shekel to USD
Our Currency Rate ILS latest updates allow you to track real-time exchange rates effortlessly. By accessing and analyzing accurate and current data, you'll stay informed on the ILS. We provide comprehensive information to meet all your financial needs effectively.
Buying rate
₪ 0.000001
Selling rate
₪0.288504
The Israeli New Shekel, commonly abbreviated as ILS, is the official currency of Israel. The ILS is symbolized as "₪." Introduced in 1985, the New Shekel replaced the old Israeli Shekel and has been the country's primary currency since then.
Currency Details
Symbol: ₪
ISO Code: ILS
Subunits: 1 New Shekel = 100 agorot (though agorot are no longer used)
Banknotes and Coins
The ILS is available in both coins and banknotes:
Coins:
10 agorot
½ shekel
1 shekel
2 shekels
5 shekels
10 shekels
Banknotes:
20 shekels
50 shekels
100 shekels
200 shekels
History and Background
The Israeli New Shekel was introduced as part of an economic reform to stabilize the Israeli economy. It has since become a stable and widely used currency in Israel.
Economic Significance
The ILS is integral to Israel's economy, facilitating trade, investment, and economic development. Israel has a diverse economy, with key sectors including technology, manufacturing, agriculture, services, and tourism. The New Shekel's value is influenced by various factors, including economic policies, geopolitical events, and global market conditions.
Usage and Exchange
The ILS is widely accepted across Israel for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Israeli New Shekels is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Israeli New Shekel is more than just a currency; it is a symbol of Israel's economic resilience, technological innovation, and cultural heritage. Understanding the ILS is essential for anyone engaging with Israel's dynamic economy, whether you are a resident or a visitor. The New Shekel's stability and accessibility play a crucial role in the country's economic growth and prosperity.
Currency Details
Symbol: ₪
ISO Code: ILS
Subunits: 1 New Shekel = 100 agorot (though agorot are no longer used)
Banknotes and Coins
The ILS is available in both coins and banknotes:
Coins:
10 agorot
½ shekel
1 shekel
2 shekels
5 shekels
10 shekels
Banknotes:
20 shekels
50 shekels
100 shekels
200 shekels
History and Background
The Israeli New Shekel was introduced as part of an economic reform to stabilize the Israeli economy. It has since become a stable and widely used currency in Israel.
Economic Significance
The ILS is integral to Israel's economy, facilitating trade, investment, and economic development. Israel has a diverse economy, with key sectors including technology, manufacturing, agriculture, services, and tourism. The New Shekel's value is influenced by various factors, including economic policies, geopolitical events, and global market conditions.
Usage and Exchange
The ILS is widely accepted across Israel for all transactions, from everyday purchases to significant business deals. For visitors and expatriates, exchanging foreign currency for Israeli New Shekels is straightforward, with numerous exchange bureaus, banks, and ATMs available throughout the country. Major credit cards are also widely accepted, ensuring convenience for international travelers.
Conclusion
The Israeli New Shekel is more than just a currency; it is a symbol of Israel's economic resilience, technological innovation, and cultural heritage. Understanding the ILS is essential for anyone engaging with Israel's dynamic economy, whether you are a resident or a visitor. The New Shekel's stability and accessibility play a crucial role in the country's economic growth and prosperity.