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) Template:Increasenegative0.35% (2021 est.) |
| Source | Bank of Israel, Statista, April 2021 |
The New Shekel or Israeli Shekel is the official currency (money) of the State of Israel. The shekel is the name of money used in ancient times in the Bible and in places like the Land of Israel.
People usually call the money simply "the shekel." The plural of shekel is shkalim. Shkalim are divided into 100 agorot.
The shekel has its own special symbol: ₪. This comes from joining the first two letters of the words in Hebrew for New Shekel (ש"ח). In English, shekel can be written as NIS (standing for 'New Israeli Shekel').
- ↑ 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. 2012-07-17. Archived from the original on 25 March 2020. Retrieved 2020-03-13.