Palestinian New Shekel · ILS

₪ symbol · 1 country currently using this currency.

Currency info

Adopted: 1985

Currency family: Other

The New Shekel's symbol ₪ is derived from the first letters of the Hebrew words for 'Shekel' and 'New.'

Introduced by the Bank of Israel in 1985, replacing the Shekel Agora system
Used in Palestinian territories since the 1990s following the Oslo Accords
Managed by the Palestinian Monetary Authority established in 1997
Pegged to a basket of currencies including the US Dollar and Euro
Remains the official currency of Palestine despite limited monetary sovereignty

Countries currently using this currency

Related

Other Other currencies

Afghan Afghani (AFN)Albanian lek (ALL)Algerian Dinar (DZD)Angolan Kwanza (AOA)Armenian Dram (AMD)Azerbaijani Manat (AZN)Bahraini dinar (BHD)Bangladeshi taka (BDT)Belarusian ruble (BYN)Boliviano (BOB)Botswana pula (BWP)Brazilian Real (BRL)

Historical predecessor

Israeli Shekel Agora