Israeli New Sheqel

(redirected from Israeli Shekel)

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 ?
6 to establish a committee to study "ways to shift from the use of the Israeli shekel to other currencies as well as studying the issuance of a national currency.
We currently have three currencies circulating -- the American dollar, the Israeli shekel and the Jordanian dinar.
It also said that another committee will consider options for using a currency to replace the Israeli shekel that is in use in the occupied Palestinian territories since the start of the occupation in 1967.
The report recalled the Palestinian child, Ahmad Manasrah, 14, who was sentenced by Israeli court to 12 years in prison well as fines of around 180,000 Israeli Shekel ($47,200 USD).
The New Israeli Shekel (NIS) 200 Banknote--the second in Series C of the currency which began with the issue of the NIS 50 in 2014--recently entered into circulation featuring, like the NIS 50, a KINEGRAM VOLUME[R] (KV) foil stripes provided by KURZ.
We believe that the Israeli shekel will gradually appreciate in 2015, a result of significant inflows of foreign exchange in the form of investment and payments by international gas companies, improvements in Israel's trade position and a reversal of the central bank's dovish monetary policy.
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.
PalTel attributed the decline mainly to the devaluation of the Israeli Shekel and to higher-than-expected tax payments.
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.
The central bank is also likely to accept more currency flexibility to tackle inflation, they said adding they favoured currencies of oil exporters Russia and Mexico over South African rand, Turkish lira, Israeli shekel and the Hungarian forint.

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