Israeli New Sheqel

(redirected from New Israeli Shekel)
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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 ?
Having to pay incentives to encourage teachers to work in the settlements--'free' school transport, new builds, security costs for the isolated school--all add over 1.3bn New Israeli Shekels ($350m) to the bill.
Summary: TEHRAN (FNA)- Almost two dozen senior Israel Defense Force service members, Defense Ministry officials and technology company employees were put in handcuffs on Tuesday for allegedly stealing $28 million, or 100 million new Israeli shekels, from the government.
Baydoun is required to pay an amount of 20,000 New Israeli Shekels as compensation for the prosecuting party's losses within 90 days of the ruling.
From the Damascus Gate bus station there is a regular service to Bethlehem but I headed to the old Arab bus station for the service to Ramallah, a shared minibus costing eight New Israeli Shekels (NIS, about PS1.35).
Ahmed Al Assad, the deputy governor of Tubas, and Aref Daraghmeh, the head of the Al Malih council, estimated the damage caused to the 12 families who lived there at New Israeli Shekels 500,000.
That implies revenue between 229.8 million new Israeli shekels (NIS) and 239.3 million NIS, or between $54.7 million and $56.9 million, using currency exchange rates as of Monday.
The PMLL requires the declaration of currency transferred (including cash, travelers' checks, and banker checks) into or out of Israel for sums above 80,000 new Israeli shekels (NIS) (approximately $17,200).
Offenders who release libelous statements internationally can be sued for as much as 1.5 million New Israeli Shekels (US$ 403,000), without having an opportunity to respond to the claim.
However, the Israeli government spent an average of 2,300 New Israeli Shekels (NIS), or approximately $604, on each Jewish child in elementary school during the year 2008-2009.