Israeli new shekel
The Israeli new shekel (Hebrew: שֶׁקֶל חָדָשׁ sheqel ẖadash; sign: ₪; code: ILS), also known as simply the Israeli shekel (Hebrew: שקל ישראלי), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 agora. The new shekel has been in use since 1 January 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1. Continue reading “Israeli new shekel (Ofer Abarbanel online library)”
Ofer Abarbanel is a 25 year securities lending broker and expert who has advised many Israeli regulators, among them the Israel Tax Authority, with respect to stock loans, repurchase agreements and credit derivatives.