Israeli New Sheqel

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Israeli New Sheqel

The currency of Israel. It replaced the old sheqel in 1985 due to the former currency's high rate of inflation. The new sheqel is a floating currency, and because it is traded on the Merc, it is one of the few currencies for which futures and other derivative contracts are widely available. The new sheqel is a hard currency, indicating consumer confidence on the foreign exchange markets. See also: Currency pair.
References in periodicals archive ?
2 percent devaluation of the Israeli New Shekel relative to the U.
The Israeli currency, Israeli New Shekel (ILS) ranks 31st in currency turnover.
Financial markets are shivering, foreign investors are on guard, and the Israeli new shekel is growing increasingly weaker against the dollar.
Following Palestine's application to the ICC, Israel froze the transfer of Palestinian tax funds amounting to 500m Israeli New Shekel ($127.
Financial markets are shivering, foreign investors are on guard, Israeli new shekel is growing increasingly weaker against the dollar and Pnina Grinbaum, a 55-year-old government clerk in Jerusalem, was quoted by the on August 16 as saying: 'I'm very afraid.
The unnamed plaintiffs estimate the scope of the class action to be 18 million Israeli New Shekels ($4 million).

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