The Israeli New shekel (Hebrew: שקל חדש, shekel Ḥadash) (sign: ₪; acronym: ש״ח and in English NIS; code: ILS) (also spelled sheqel; pl. shekalim pronounced shkalim - שקלים, Arabic: شيقل جديد, shiqel jadid or شيكل جديد shikel jadid) is the currency of Israel. The shekel is divided into 100 agorot (אגורות) (sing. agora, Hebrew: אגורה). Denominations made in this currency are marked with the shekel sign.
The new shekel replaced the old shekel on Ja...
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The Israeli New shekel (Hebrew: שקל חדש, shekel Ḥadash) (sign: ₪; acronym: ש״ח and in English NIS; code: ILS) (also spelled sheqel; pl. shekalim pronounced shkalim - שקלים, Arabic: شيقل جديد, shiqel jadid or شيكل جديد shikel jadid) is the currency of Israel. The shekel is divided into 100 agorot (אגורות) (sing. agora, Hebrew: אגורה). Denominations made in this currency are marked with the shekel sign.
The new shekel replaced the old shekel on January 1, 1986 at a rate of 1,000 old shekalim = 1 new shekel.
Since January 1, 2003, the shekel has been a freely convertible currency. Since May 7, 2006 shekel derivative trading has also been available on the Chicago Mercantile Exchange. This makes the shekel one of only twenty or so world currencies for which there are widely-available currency futures contracts in the foreign exchange market. It is also a hard currency, with access available to it in almost any place in the world.
On May 26, 2008, CLS Bank International (CLS Bank) has...
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