Israeli new shekel

The Israeli new shekel (Hebrew: שֶׁקֶל חָדָשׁ sheqel ẖadash; Arabic: شيكل جديد šēkal jadīd; sign: ; code: ILS), also known as simply the Israeli shekel (Hebrew: שקל ישראלי, Arabic: شيكل إسرائيلي), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 agorot. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1.

Israeli new shekel
  • שקל חדש (Hebrew)
  • شيكل جديد (Arabic)
New shekel banknotes (Current Series C)
ISO 4217
CodeILS
Number376
Denominations
Subunit
1100agora
Plural
  • shekels
  • sheqalim
agora
  • agoras
  • agorot
Symbol
Banknotes
Freq. used₪20, ₪50, ₪100, ₪200
Rarely used₪5, ₪10
Coins
Freq. used10 agorot, 1/2 shekel, ₪1, ₪2, ₪5, ₪10
Rarely used1 agora, 5 agorot
Demographics
User(s) Israel
 Palestinian Authority[1]
Issuance
Central bankBank of Israel
Websiteboi.org.il
PrinterOrell Füssli[2]
MintKOMSCO[3]
Valuation
Inflation-0.59% (2020)
0.35% (2021 est.)
SourceBank of Israel, Statista, April 2021

The currency sign for the new shekel is a combination of the first Hebrew letters of the words shekel (ש) and ẖadash (ח) (new). It was previously known as the new Israeli shekel and the non-official abbreviation of NIS (ש״ח and ش.ج) is still commonly used domestically to denominate prices and also appears on the Bank of Israel's web site. However, the official international currency code of the Israeli new shekel is ILS, as set by the International Organization for Standardization under ISO 4217.


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