The Israeli shekel is the official currency of Israel, and it's a key part of the country's economy. It's divided into 100 agorot, which is a smaller unit of currency.
You might have heard that the shekel has undergone several name changes over the years, but one thing remains constant: it's the currency you'll need to use when visiting or living in Israel.
What is the Shekel?
The Israeli Shekel is the official currency of Israel, introduced in 1985 to replace the old Israeli shekel at a rate of 1,000 old shekels to 1 new shekel.
The name "shekel" is derived from an ancient unit of weight used in the region.
The New Israeli Shekel is symbolized as ₪ and has the currency code ILS.
Being prepared with knowledge of the Israeli Shekel is crucial for a smooth and enjoyable visit to Israel, whether you're exploring historical sites, enjoying local cuisine, or conducting business.
The Israeli Shekel is used for exchanging money and using ATMs, so it's essential to understand its value and how to navigate the local financial system.
The New Israeli Shekel is the currency used in Israel, making it the only valid form of payment for goods and services in the country.
Understanding the Shekel
The New Israeli Shekel, denoted by the symbol ₪ and the currency code ILS, is the official currency of Israel. It was introduced in 1985, replacing the old Israeli shekel at a rate of 1,000 old shekels to 1 new shekel.
The name "shekel" is derived from an ancient unit of weight used in the region. This rich history adds to the significance of the currency in Israel.
Understanding the currency is crucial for a smooth and enjoyable visit to Israel, whether you're exploring historical sites, enjoying the local cuisine, or conducting business.
Israeli New Shekel (ILS): ₪
The Israeli New Shekel (ILS) is the official currency of Israel, denoted by the symbol ₪. It was introduced in 1985, replacing the old Israeli shekel at a rate of 1,000 old shekels to 1 new shekel.
The name "shekel" is derived from an ancient unit of weight used in the region. This rich history gives the currency a unique significance in Israeli culture.
The New Israeli Shekel is symbolized as ₪, making it easy to spot in local shops and markets. Whether you're exchanging money or using ATMs, being aware of the currency will make a big difference in your trip.
Understanding the New Israeli Shekel is crucial for a smooth and enjoyable visit to Israel. From budgeting to using ATMs, being prepared will help you navigate your trip with ease.
Currency Conversion
Converting leftover shekels back to your home currency is a straightforward process. You can do it at the airport or at authorized exchange bureaus.
Keep your exchange receipts, as you'll need them to prove the transaction.
Conversion rates may vary, so be sure to compare options to get the best deal.
Symbolism and Design
The symbolism and design on Israeli currency are truly fascinating. Coins often feature symbols significant to Israel's history and culture, such as ancient artifacts and landmarks.
These symbols serve as a reminder of the country's rich heritage. Ancient artifacts are a great example of this, giving a glimpse into Israel's past.
Banknotes, on the other hand, showcase prominent Israeli figures from literature and politics, reflecting the country's cultural heritage. This makes the currency not just a medium of exchange, but also a piece of history.
Featured Images: pexels.com
