Israeli New Sheqel

(redirected from sheqel)
Also found in: Dictionary, Thesaurus, Encyclopedia, Wikipedia.

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 ?
The Ministry of Health has reported that they are unable to maintain adequate medicine stocks due to chronic outstanding debts, which now total more than US$ 253 million (New Israeli Sheqel 874 million).
Additionally, the strength in the United States dollar vis-a-vis the Sheqel positively impacted the Company's results by approximately two cents per share in the first quarter of 2009 compared with the fourth quarter of 2008.
The continued weakness in the United States dollar vis-a-vis the Sheqel adversely impacted net income during the second quarter of 2008 by approximately three cents per share compared with the first quarter of 2008.