Israeli New Sheqel

(redirected from New Israel 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 ?
FIRST QUARTER RESULTS Adjusted to the rate of exchange of the New Israel Shekel to the U.
NASDAQ: NOGAF - NOGWF) (the "Company") announced that the recent significant devaluation of the New Israel Shekel (NIS) from approximately NIS 3.
3% of Pri Ha'emek's shares from Agrifarm for one and one-half years at a price of one-half New Israel Shekel per share.