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 ?
The Israeli shekel is currently trading at 3.63 to the dollar.
USD 7 million in payroll expenses following the erosion of the US dollar against the New Israeli Shekel; and an increase in minimum wage.
The parents of Palestinian teen, Mohammed Abu Khdeir who was brutally tortured and burned to death by Israeli settlers in July, 2014 have filed a civil lawsuit for 5.6 million Israeli shekel ($1.6 million) in damages.
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." Palestinians have been trying to find ways to wean themselves away from total dependency on Israel's economy for a long time.
"We currently have three currencies circulating -- the American dollar, the Israeli shekel and the Jordanian dinar.
Instead, Palestinian businesses (http://www.haaretz.com/middle-east-news/palestinians/1.788853) use the Israeli shekel , along with U.S.
Preparations are underway for the launch later this year of the two remaining denominations of the Series C New Israeli Shekel (NIS) currency--the 20 and 100 banknotes.
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).
* 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 2.8 percent compared to last year's 3.2 percent, according to a Reuters report.
PalTel attributed the decline mainly to the devaluation of the Israeli Shekel and to higher-than-expected tax payments.

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