ILS


Also found in: Dictionary, Thesaurus, Medical, Acronyms, Encyclopedia, Wikipedia.

ILS

The ISO 4217 currency code for the Israeli Shekel.

ILS

ISO 4217 representation for the Israeli new sheqel. The ILS 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 ?
My first and second question about this situation goes to the ILS vendors: why isn't support for SIP2 and NCIP2 a standard feature of your ILS?
There are 100 ILS installations at Canadian airport runway ends.
They are are are becoming more and interested in ILS investment as sophisticated alternative investment but they have to look across the world to find the best opportunities.