Israeli new shekel

"Israeli shekel" redirects here. For the currency of Israel between 1980 and 1985, see Old Israeli shekel. For the currency of Israel between 1952 and 1980, see Israeli pound. For ancient currencies and units of weight, see Shekel.

New Israeli shekel
NIS
New shekel banknotes (Current Series C)
ISO 4217
CodeILS (numeric: 376)
Subunit0.01
Unit
Unitshekel
Plural
  • shekels
  • sheqalim
Symbol₪‎
Denominations
Subunit
 1⁄100agora
Plural
 agora
  • agoras
  • agorot
Banknotes₪20, ₪50, ₪100, ₪200
Coins10 agorot, ₪1⁄2, ₪1, ₪2, ₪5, ₪10
Demographics
Date of introduction1 January 1986
ReplacedOld Israeli shekel
Official user(s) Israel
Unofficial user(s) Palestinian Authority[1]
Issuance
Central bankBank of Israel
 Websiteboi.org.il
PrinterOrell Füssli[2]
MintKOMSCO[3]
Valuation
InflationPositive decrease−0.59% (2020)
Negative increase0.35% (2021 est.)
 SourceBank 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.

  1. ^ 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.
  2. ^ "Israel lässt in Zürich Geld drucken". 20 Minuten. 27 April 2011.
  3. ^ "S. Korea Makes Money by Making Money". Voice of America News. 17 July 2012. Retrieved 13 March 2020.