Israeli New Sheqel

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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 ?
Let Danon show up with his replica of the Shekel of Israel and let the Palestinians and the Galileans show up with their entire coin catalog of Greek, Roman, Byzantine, Arab, Ottoman, Crusader and British Mandate coins which were minted until 1947.
Policy maker, Rafi Melnick, said that the central bank was not considering setting a minimum exchange rate for the shekel even though the bank was under pressure to do so.
Shalom said that by 2015, the transition to gas-based production is expected save the Israeli economy about three billion shekels (about 850 million dollars) per month.
But recent shekel weakness comes after a long period of strength which forced the central bank into measures to dampen the currency.
The French bank said that the shekel, which has increased by 3.
Last year, Israeli banks stopped accepting cash deposits from banks in the West Bank, leading to a shekel build-up there.
The combined weight of the 12 silver bowls came to 1,560 shekels.
PN rents a house to Pirhum for one year for one shekel of silver.
After accepting the deal, the court handed down a two-year prison term to Ghattas, as well as a 120,000 shekel fine.
Continue reading "Israelis Have Crowdfunded A Million Shekels for Syrian Children in Less Than a Week" at.
The company has also entered into a loan agreement with a banking institution regarding an immediate loan in the principal amount of ILS100m, which will bear unlinked shekel interest at the rate of 3.
The aim is to try and plug a 28 billion shekel ($6.