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 ?
In 2013, the state's incomes from payment of gas royalties and tax are expected to reach 500 million shekel (about 140 million dollars), Shalom told the Knesset's (parliament) Finance Committee.
This year small organizations whose total budget is up to five million shekels will be included in the project.
There was much more security on the Egyptian side before," said Mohamed, who works in a 12-man team, doing a 12-hour shift for 250 shekels ($71, E50) per day.
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.
The dollar and the Jordanian dinar are both used for some transactions, though the Israeli shekel is most commonly handled in day-to-day cash transactions.
The combined weight of the 12 silver bowls came to 1,560 shekels.
Bankers in the Israeli-occupied Palestinian territory last month complained that Israeli banks' refusal to take their excess shekels was hurting the Palestinian economy.
He persuaded the villagers to buy back the donkeys for 50 shekels each and when the boss returned from the capital they could sell them back to him for the asking price of 100.
CHICAGO, April 6 /PRNewswire-FirstCall/ -- CME, the world's largest and most diverse financial exchange, and the largest regulated marketplace for foreign exchange (FX) trading, announced today that it plans to list futures and options on futures contracts on the Israeli Shekel as measured against the U.
consideration of 200,000 New Israeli Shekels (A[pounds sterling]25,000).
Abdel Rahim, 53, Alfar'sfather, said his son woke him up early Monday and asked for two shekels (27p) before leaving the family home.
Nur-kubi, Ili-tukulti, and Naram-ilisu sell a property to Adad-tajjar for 15 shekels of silver.