Israeli New Sheqel

(redirected from New 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 ?
4, 2018 photo, Israeli chef Shaul Ben Aderet holds a small "drop tomato" and an Israeli new shekel at one of his restaurants, in Tel Aviv, Israel.
Following Palestine's application to the ICC, Israel froze the transfer of Palestinian tax funds amounting to 500m Israeli New Shekel ($127.6m) collected by Israel on behalf of the Palestinians.
In the event that this lawsuit is certified as a class action, the total amount claimed from the company is estimated by the plaintiffs to be at least hundreds of millions of Israeli New Shekel.
Israeli warmongering is creating, in Saguy's words, an 'orchestrated and purposely timed hysteria' in Israel as if 'someone is lighting a fire, then yelling that it has to put out.' Financial markets are shivering, foreign investors are on guard, Israeli new shekel is growing increasingly weaker against the dollar and Pnina Grinbaum, a 55-year-old government clerk in Jerusalem, was quoted by the on August 16 as saying: 'I'm very afraid.
Israeli warmongering is creating, in Saguy's words, an "orchestrated and purposely timed hysteria" in Israel, as if "someone is lighting a fire, then yelling that it has to put out." Financial markets are shivering, foreign investors are on guard, and the Israeli new shekel is growing increasingly weaker against the dollar.
* The Israeli currency, Israeli New Shekel (ILS) ranks 31st in currency turnover.
Time zone: GMT +2hrs Currency: New shekel pounds 1 = 5.30
TDI are total New Shekel deposits in pre 1967 Israeli
Israel's responded to Abbas's ICC appeal by freezing the transfer of Palestinian tax funds amounting to 0.5bn Israeli New Shekel ($127.6m) collected by Israel on behalf of the Palestinians.
THE Israeli currency is the New Shekel (currently 7NS to the pound).
Energean will receive 369 million Israeli New Shekels, approximately US$98 million, 15% of which is expected to contribute to the Company's available liquidity between now and end 1Q 2019.
Financial terms were not disclosed or if the deal was in Euros or Israeli New Shekels, valued at 4.26 per Euro.