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 ?
0 million due to the consolidation of the results of operations of Sapiens (which were not consolidated during 2014), offset mainly by the negative impact of the devaluation of the New Israeli Shekel, Euro and British Pound against the U.
Khattab was arrested in December 2014 during a peaceful protest organized by students in solidarity with the Palestinian Political Prisoners, and sentenced on January 16 2015 to a 6-month imprisonment and a 6,000 Israeli Shekel fine ($1,500 USD).
The Israeli shekel weakened for the first time in five days and benchmark stock indexes in Turkey, Israel, Dubai, Kuwait and Abu Dhabi retreated.
The Israeli shekel has been on an upward trend threatening exports, while growth has also dropped to 2.
80 sterling (e1/499), 5,200 Israeli Shekel (e1/41,068), a cheque for e1/4100 and e1/46,000 in cash.
Worries over the attack sent the Israeli shekel down against the dollar and stocks dipped on Thursday.
In a separate development, the Haifa District Court has ordered the Israeli army to pay a compensation of 430,000 Israeli shekel (US$ 124,600) and legal fees to an owner of a recreational facility in Nablus, for damages that Israeli troops caused it.
Palestinians currently use the Israeli shekel as the primary currency, which is followed by the Jordanian dinar and the U.
Gazan banks were forced into using Israeli shekel instead of US dollar in
Dollar versus the Israeli Shekel during the first quarter of 2009, which affected the labor costs incurred in Shekels.
These include the Tel Aviv Stock Exchange main index (TA 25), Tel Aviv blue chip stocks ,(like TEVA, AFI, Leumi, and Delek), all major US and European Indices (FTSE, DAX, CAC, NASDAQ, Dow Jones, S&P 500), a select group of London and New York stocks (Google, Microsoft, Citi, HSBC, Coca Cola, General Electric and more), main US dollar, Israeli Shekel and Euro currency pairs (USD/ILS, USD/EUR, USD/GBP and more) and major commodities (Oil Barrel, Gold, Silver and Copper).
The labor dispute at the East Jerusalem Electrical Company in July and August revolved around bread-and-butter issues including tying the workers' wages to the Jordanian dinar instead of the rapidly depreciating Israeli shekel, family heath insurance plans, collective housing, and educational scholarships for workers' children.

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