Encyclopedia > New Israeli Sheqel

  Article Content

New Israeli Sheqel

The New Israeli Sheqel (abbr. NIS; also spelled Shekel; pl. Sheqalim or Shekalim) is the currency of Israel. The ISO 4217 code for the NIS is ILS.

The NIS is divided into 100 agorot (sing. agora).

In Hebrew, the NIS is called "שקל חדש" (Sheqel Khadash), and is usually abbreviated ש"ח (pronounced shakh). The symbol for the NIS is ₪.

The NIS was introduced in 1985. It replaced the "old" Sheqel, at a rate of one New Sheqel per 1000 "old" Sheqel. The "old" Sheqel replaced the Israeli Pound[?] in 1980, at a rate of one Sheqel per 10 Pounds.

Banknotes exist of 20, 50, 100, and 200 NIS.

Coins exist of 5, 10, and 50 agorot, and 1, 5, and 10 NIS.

As of May 2003, the NIS exchange rate stands at about 4.50 NIS per one US Dollar.

The NIS is issued by the Bank of Israel (http://www.bankisrael.gov.il/firsteng.htm)

All Wikipedia text is available under the terms of the GNU Free Documentation License

  Search Encyclopedia

Search over one million articles, find something about almost anything!
  Featured Article
Digital compositing

... for a completely transparent foreground). A monochrome raster image where the pixel values are to be interpreted as alpha values is known as a matte[?]. Then, considering ...