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Israeli new shekel

Israeli new shekel
שקל חדש (Hebrew)
شيقل جديد (Arabic)
Money IL WV.JPG
New shekel banknotes and coins (Series B)
ISO 4217
Code ILS
Denominations
Subunit
1100 agora
Plural shekels
sheqalim
agora agoras
agorot
Symbol
Banknotes ₪20, ₪50, ₪100, ₪200
Coins 10 agora, ₪½, ₪1, ₪2, ₪5, ₪10
Demographics
User(s)  Israel
 Palestinian Authority
Issuance
Central bank Bank of Israel
 Website bankisrael.gov.il
Valuation
Inflation -0.2% (2016)
 Source Bank of Israel, August 2016

The Israeli new shekel (Hebrew: שֶׁקֶל חָדָשׁAbout this sound Sheqel H̱adash; Arabic: شيقل جديد‎‎ shēqel jadīd; sign: ; code: ILS), also known as simply the Israeli shekel and formerly known as the New Israeli Sheqel (NIS), 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 agora. 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). Alongside the shekel sign, the following abbreviations of NIS, ש"ח and ش.ج are also used commonly to denominate prices.


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