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Israeli new shekel
NIS | |
|---|---|
 New shekel banknotes (Current Series C) | |
| ISO 4217 | |
| Code | ILS (numeric: 376) |
| Subunit | 0.01 |
| Unit | |
| Unit | shekel |
| Plural |
|
| Symbol | ₪ |
| Denominations | |
| Subunit | |
| 1⁄100 | agora |
| Plural | |
| agora |
|
| Banknotes | ₪20, ₪50, ₪100, ₪200 |
| Coins | 10 agorot, ₪1⁄2, ₪1, ₪2, ₪5, ₪10 |
| Demographics | |
| Date of introduction | 1 January 1986 |
| Replaced | Old Israeli shekel |
| Official user(s) |  Israel |
| Unofficial user(s) |  Palestinian Authority[1] |
| Issuance | |
| Central bank | Bank of Israel |
| Website | boi |
| Printer | Orell Füssli[2] |
| Mint | KOMSCO[3] |
| Valuation | |
| Inflation |  −0.59% (2020)  0.35% (2021 est.) |
| Source | Bank of Israel, Statista, April 2021 |
The new Israeli shekel (Hebrew: שֶׁקֶל חָדָשׁ, romanized: sheqel ẖadash, pronounced [ˈʃekel χaˈdaʃ] ; Arabic: شيكل جديد, romanized: šēkal jadīd; sign: ₪; ISO code: ILS; unofficial abbreviation: NIS), also known as simply the Israeli shekel (Hebrew: שקל ישראלי, romanized: sheqel yisreʾeli; Arabic: شيكل إسرائيلي, romanized: šēkal ʾisrāʾīlī), 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.
The currency sign for the new shekel ⟨ ₪ ⟩ is a combination of the first Hebrew letters of the words shekel (ש) and ẖadash (ח) (new). When the shekel sign is unavailable the abbreviation NIS (ש״ח and ش.ج) is used.
- ^ The State of Palestine lacks an official legal tender. According to Article 4 of the 1994 Paris Protocol, the Protocol allows the Palestinian Authority to adopt additional currencies. In the West Bank the Jordanian dinar is widely accepted and in the Gaza Strip the Egyptian pound is often used.
- ^ "Israel lässt in Zürich Geld drucken". 20 Minuten. 27 April 2011.
- ^ "S. Korea Makes Money by Making Money". Voice of America News. 17 July 2012. Retrieved 13 March 2020.
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