New Israeli Shekel

currency

Also known as: NIS, New Israeli Sheqel

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July 16, 2026

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The New Israeli Shekel (NIS) is the official currency of Israel. It is divided into 100 agorot. The current monetary system, based on the New Israeli Sheqel, was established in 1985, replacing the old sheqel at a ratio of 1,000 old sheqalim to one new sheqel. The Bank of Israel is responsible for issuing all banknotes and coins. Banknotes feature prominent figures from Israeli history and associated events, such as Moshe Sharett and Itzhak Ben-Zvi, while coins are issued in various denominations, including half, one, five, and ten sheqalim, as well as 1, 10, and 50 agorot.12

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Israel
Finance
…times after 1948, and the new Israeli shekel (NIS) was introduced in September 1985 to replace the earlier Israeli shekel. The government and central bank introduced this measure as part of a successful economic stabilization policy that helped control a rate of inflation that had grown steadily between the 1950s…
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…times after 1948, and the new Israeli shekel (NIS) was introduced in September 1985 to replace the earlier Israeli shekel. The government and central bank introduced this measure as part of a successful economic stabilization policy that helped control a rate of inflation that had grown steadily between the 1950s…
Read More

sheqel
…monetary system, based on the New Israeli Sheqel (NIS), was established in 1985, when the old sheqel was replaced at a rate of 1,000 old sheqalim to 1 new sheqel (NIS 1). Israel has had several monetary systems (some of which predate the country’s independence in 1948), including those based…
Read More
…monetary system, based on the New Israeli Sheqel (NIS), was established in 1985, when the old sheqel was replaced at a rate of 1,000 old sheqalim to 1 new sheqel (NIS 1). Israel has had several monetary systems (some of which predate the country’s independence in 1948), including those based…
Read More