Israeli New Shekel (ILS)

News: Israeli New Shekel

• Ituran Location and Control Ltd. Presents Results for the Fourth Quarter and Full Year 2011 - Sacramento Bee (22 February 2012, 11:06 am)
• Shekel weakens against euro, flat against dollar - Globes - Israel Business Arena (22 February 2012, 8:43 am)
• Israel's Partner Comm sees lower Q4 profit - The Guardian (22 February 2012, 8:21 am)

Reports & Events: Israeli New Shekel

• Concentration C'tee catches Arison, Leora Ofer - Globes - Israel Business Arena (22 February 2012, 4:21 pm)
• Delek Group Ltd. : Israeli Government Panel Recommends Limiting Holdings To Boost Competition - 4-traders (press release) (22 February 2012, 1:29 pm)
• Israel Tycoons Face Regulations Reducing Company Pyramids to Three Levels - Bloomberg (20 February 2012, 11:54 pm)

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About the Israeli New Shekel

The Israeli "New Shekel" (plural: shekalim), also spelled as "sheqel", is the official currency used in the State of Israel, and is frequently used in the Palestinian territories. The adjective "new" was added to the name as part of the introduction of a new shekel currency to replace the previous shekel which had become too diluted from inflation. Its official currency code is "ILS" and it is symbolized by "₪". The primary denominations include 1, 5 and 10 agorot coins; ½, 1, 2, 5, and 10 new shekel coins (1 new shekel = 100 agorot); and 20, 50, 100, and 200 shekalim paper bank notes. In Israel, decimal numbers are denoted using a point (e.g. 1.50). The new shekel has a floating exchange rate that is controlled for inflation.

Central Bank: Bank of Israel