Israeli new shekel
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.
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 | |
| Replaced | Old Israeli shekel |
| Official user(s) | Israel |
| Unofficial user(s) | Palestinian Authority |
| Issuance | |
| Central bank | Bank of Israel |
| Website | boi |
| Printer | Orell Füssli |
| Mint | KOMSCO |
| Valuation | |
| Inflation | -0.59% (2020) 0.35% (2021 est.) |
| Source | Bank 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). When the shekel sign is unavailable the abbreviation NIS (ש״ח and ش.ج) is used.