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
₪0.296714
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The Israeli new shekel (symbol: ₪; code: ILS) is the official currency of Israel.
Currency Details
- Country code IL
- Symbol ₪
- ISO Code ILS
- Subunits 1 Shekel = 100 Agorot
Coins
- 10 agorot
- ½ shekel
- 1 shekel
- 2 shekels
- 5 shekels
- 10 shekels
Banknotes
- 20 shekels
- 50 shekels
- 100 shekels
- 200 shekels
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.
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.
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.