Israeli New Shekel

The Israeli New Shekel (ILS) is the official currency of Israel, symbolized as ₪. It replaced the old shekel in 1985 to stabilize the economy. The New Shekel is divided into 100 smaller units called agorot. It is issued and regulated by the Bank of Israel. The currency is used for daily transactions, savings, and government operations within Israel and Palestinian territories. Its value fluctuates based on economic factors, international trade, and currency markets. The New Shekel is recognized locally and internationally, serving as a key tool for Israel’s economic stability and financial activities.