Shekel

The shekel is a currency used in Israel and the Palestinian territories. It is officially called the Israeli new shekel (ILS) and is subdivided into 100 agorot. Historically, the shekel dates back to ancient times as a unit of weight and currency in the region. Today, the shekel is important for domestic and international trade, fluctuating in value against other currencies. Known for its stability, the shekel is widely accepted in everyday transactions, making it essential to the Israeli economy and financial system.