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 ?
But recent shekel weakness comes after a long period of strength which forced the central bank into measures to dampen the currency.
Last year, Israeli banks stopped accepting cash deposits from banks in the West Bank, leading to a shekel build-up there.
The combined weight of the 12 silver bowls came to 1,560 shekels.
Gabriel Barkay explained that "the half shekel coin was used to pay the temple taxes.
shares on 15 July 2008 from Shekel Limited ("Shekel") and is therefore issuing
Sin-adallal rents a house to Kes-iddinam for one year for 1/2 shekel of silver.
The earthquake was not an aftershock of any other recorded quakes, Shekel said.
Central to the plan is a hike in income tax and VAT, as well as a 700 million shekel ($171 million, 140 million euro) cut to the 2012 state budget.
According to the budget, 200 housing units will be marketed in Ma'aleh Adumim settlement, to the east of Jerusalem, next year, with 58 million shekel ($16.
Based on the central bank's representative rate for the currency, which is set daily and used for valuations and contracts, the shekel started the year at 3.
The EU crises has led to the euro falling to its lowest level against the shekel in seven years, and a four year low against the US dollar.
30,000,000 shares on 15 July 2008 from Shekel Limited ("Shekel") and is