ILS · ILS
Israeli New Shekel (ILS)
The Israeli New Shekel (ILS) is the official currency of Israel, introduced in 1986. It is managed by the Bank of Israel and is widely used in financial markets.
Convert this currency
Converted amount
0.3335 USD
Exchange rate
1 ILS = 0.333545 USD
Updated
8/9/2026 12:00 AM
Source
ApiForex Managed Source 3
ILS · Israeli New Shekel
Israeli New Shekel (ILS) Overview
The Israeli New Shekel (ILS), also known simply as the shekel, has been the currency of Israel since January 1, 1986, when it replaced the old shekel at a rate of 1000 to 1. The currency is issued and regulated by the Bank of Israel, the country's central bank. The shekel is subdivided into 100 agorot, and its symbol is ₪. It is a freely convertible currency and is traded on international foreign exchange markets.
The Bank of Israel's monetary policy aims to maintain price stability and support economic growth. The shekel has experienced periods of appreciation and depreciation against major currencies, influenced by factors such as geopolitical events, global market trends, and domestic economic indicators. As a relatively small open economy, Israel's currency is sensitive to external shocks, but it has generally been considered stable and strong in recent years.
For individuals and businesses dealing with Israeli assets or trade, understanding the ILS is essential. Exchange rates fluctuate, and it is advisable to consult current rates from reliable financial sources. The shekel is also used in the Palestinian territories alongside other currencies, though its official status is limited to Israel. Overall, the ILS plays a significant role in the regional economy and international finance.
- Code
- ILS
- Symbol
- ILS
- Current rate
- USD / ILS
Currency information
Last updated · 8/7/2026
Introduced on January 1, 1986, replacing the old shekel.
- Official name
- Israeli New Shekel
- Legal tender status
- Legal tender in Israel
- Decimal places
- 2
- Minor unit
- Agora · 1 ILS = 100 Agora
- Countries
- Israel
- Issuing authority
- Bank of Israel
- Central bank
- Bank of Israel · Official website
- Exchange-rate regime
- Free floating
Common banknotes
₪20 · ₪50 · ₪100 · ₪200
Common coins
10 agorot · 1/2 shekel · 1 shekel · 2 shekels · 5 shekels · 10 shekels
Also known as
NIS · Shekel · Israeli New Shekel · ILS · ₪
Practical notes
- The currency is often referred to as the shekel.
- The symbol ₪ is derived from the Hebrew letters for 'sh' and 'k'.
Priority currency pairs
The most useful conversions for this currency.
Israeli New Shekel questions
What is the ILS exchange rate?
The displayed rate is the latest available reference rate for USD/ILS. It can change throughout the day.
How can I convert ILS online?
Use the converter above to calculate indicative amounts between ILS and the other supported currencies.