ILS (Israeli New Shequel)
- The currency abbreviation or currency symbol for the Israeli new sheqel (ILS), the currency for Israel. The new sheqel is made up of 100 agorot. This symbol represents a combination of the first letters in Hebrew for the words "sheqel" and "hadash". The currency itself is actually produced by a South Korean company, as there is no mint in Israel.
The new sheqel was first seen in 1986 when it replaced the original sheqel currency at a ratio of 1000:1. It became a freely convertible currency in 2003, and began trading derivatives in 2006. The currency became fully convertible in 2008.
Investment dictionary. Academic. 2012.
Look at other dictionaries:
Israel — Para otros usos de este término, véase Israel (desambiguación). מדינת ישראל Medinat Yisra’el دولة إسرائيل Dawlat ’Isrā īl Estado de Israel … Wikipedia Español