20/09/2015: Adoption of New Constitution
Nepal adopted a new constitution, resulting in political unrest and affecting the Nepalese Rupee's stability.
29/12/2014: 1 US Dollar = 3.891 Israeli Sheqel
The Israeli Sheqel (ILS) reaches a historical low against the US Dollar in the foreign exchange market.
04/05/2008: Introduction of New Banknotes
New Israeli Sheqel (ILS) banknotes with enhanced security features were issued.
26/10/1999: Maoist Insurgency Begins
The start of the Maoist insurgency in Nepal led to political instability and economic challenges, impacting the value of the Nepalese Rupee.
01/09/1999: Introduction of Sheqel Coins
Israeli Sheqel (ILS) coins were introduced, replacing the agora as the subunit of the currency.
08/04/1993: Nepalese Rupee's Peg to Indian Rupee
The Nepalese Rupee was pegged to the Indian Rupee at a fixed exchange rate.
24/02/1985: Hyperinflation Crisis
Israel experiences hyperinflation, leading to the introduction of the new Israeli Sheqel (ILS).
30/12/1972: Reintroduction of Nepalese Rupee
Nepal reintroduced the Nepalese Rupee as the official currency, separating it from the Indian Rupee.
16/03/1960: Introduction of the New Sheqel
The old Israeli pound (ILP) was replaced by the new Israeli Sheqel (ILS) as the official currency.
12/03/1960: Replacement of Nepalese Rupee
The Nepalese Rupee was replaced by the Indian Rupee as the legal tender in Nepal.
15/12/1959: Nepal Rastra Bank Established
Nepal Rastra Bank, the central bank of Nepal, was established to oversee the monetary system and issue the Nepalese Rupee.
24/02/1949: Introduction of the Israel Pound
The Israeli pound (ILP) was introduced as legal tender in Israel.
24/09/1948: Israeli Declaration of Independence
The Israeli pound (ILP) was introduced as the official currency of Israel.
07/04/1932: Introduction of Nepalese Rupee
The Nepalese Rupee was officially introduced as the currency of Nepal, replacing the silver mohar.