Currency of Israel: Israeli new shekel
Israeli new shekel · ILS · National
Who Issues Israeli new shekel in Israel
The Israeli new shekel (ILS) is the unit of Israel's domestically run monetary system. Beyond the three-letter code, it is shown with symbol ₪ and carries ISO 4217 numeric identifier 376.
Monetary authority for the Israeli new shekel sits domestically with Bank of Israel. In Israel, ILS is therefore governed through a national framework, not by an external currency issuer.
Exchange Rate for ILS
For a dated ILS observation, the useful benchmark is a dated ILS observation with its currency pair stated explicitly. Actual conversion costs depend on the provider's spread, fees and timing.
In Israel, match both the currency pair and the observation date before comparing reference rates, the resulting transaction amount can differ once a provider adds its margin or charges. This leaves the exchange-rate context transparent.
Banknotes and Coins
Banknotes
Bank of Israel's Third Series of the New Shekel comprises four current banknote denominations: ₪20, ₪50, ₪100 and ₪200.
Coins
The current coin series has six denominations: 10 agorot, half a new shekel, and ₪1, ₪2, ₪5 and ₪10.
Frequently Asked Questions
What currency is used in Israel?
The Israeli new shekel (ILS) is the national currency of Israel. Bank of Israel is responsible for the domestic monetary framework.
Who manages the currency system in Israel?
Bank of Israel is the main monetary authority identified for Israel.
Are the exchange rates for Israel real-time?
For a dated ILS observation, the tool requests the latest available reference observation for supported pairs and reports the date attached to that observation. The figure is informational and can differ from a bank, card or cash-counter quote.
Sources & methodology
Bank of Israel is the principal reference used here for institutional facts about Israeli new shekel in Israel. ISO 4217 is used for the ILS identifier; exchange-arrangement facts and dated rate observations are treated as different data layers. The page therefore keeps the institutional fact separate from market data.
View sources used for this page
- Bank of Israel - official website
- SIX - ISO 4217 Maintenance Agency
- IMF - Annual Report on Exchange Arrangements and Exchange Restrictions
- BIS - central bank directory and institutional cross-check
- Frankfurter - latest public reference-rate feed used by the converter
- Bank of Israel - Third Series banknotes
- Bank of Israel - current coins