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Currency & Exchange

Currency of Palestine: Israeli new shekel

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Israeli new shekel · ILS · Multi Currency

Israeli new shekel
ISO ILS · PALESTINE
₪
₪
Israeli new shekel
ISO codeILS
Issuing authorityBank of Israel
RoleLegally permitted for circulation
$
US dollar
ISO codeUSD
Issuing authorityFederal Reserve System
RoleLegally permitted for circulation
JD
Jordanian dinar
ISO codeJOD
Issuing authorityCentral Bank of Jordan
RoleLegally permitted for circulation
€
Euro
ISO codeEUR
Issuing authorityEurosystem / European Central Bank
RoleLegally permitted for circulation
ILS
ISO 4217 code
Currency identifier
4
Currencies with an official role
Multi Currency
₪
Currency symbol
Use the ISO code when a symbol is ambiguous
Time-sensitive
Exchange-rate context
Check the rate date and source
CurrencyIsraeli New Shekel
ISO codeILS
Largest note₪200
Largest coin₪10
Current note seriesCurrent Bank of Israel shekel series; multi-currency circulation

How Palestine's Currency System Works

Palestine recognizes more than one currency in its monetary arrangement. Israeli new shekel (ILS) is the primary reference for Palestine here, while the page identifies the country's other official currency roles separately.

The Palestine Monetary Authority oversees the Palestinian banking and payments framework but does not issue a national currency. ILS, USD, JOD and EUR therefore remain separate currencies with separate issuing authorities, even though all can have a legal circulation role in Palestine.

Currency architectureMulti Currency
Primary currencyIsraeli new shekel (ILS)
Monetary authorityPalestine Monetary Authority

Because Palestine has 4 currencies with an official role, amounts should be read with the stated currency code whenever the unit is unclear. For transfers and contracts involving Palestine, that prevents one legal-tender currency from being mistaken for another.

Exchange Rate for ILS

An ILS exchange rate is meaningful only when the currency pair, observation date and source are stated. Transaction rates in Palestine can differ from a reference rate after provider spreads or fees.

Latest available reference rate*Loading...
Checking USD/ILS
Latest official/reference observation where supported. Source and date are shown after loading; this is not a trading quote.
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Banknotes and Coins

Banknotes

Palestine has no separately issued national banknote series. The Israeli new shekel is the dominant day-to-day cash currency, with ₪20, ₪50, ₪100 and ₪200 notes. The Palestine Monetary Authority states that the shekel, US dollar, Jordanian dinar and euro are legally permitted for circulation.

₪20
₪50
₪100
₪200

Coins

Shekel coins used for everyday cash include 10 agorot, ₪0.50, ₪1, ₪2, ₪5 and ₪10. US-dollar, Jordanian-dinar and euro cash retains the denomination sets of their respective issuing authorities rather than forming a Palestinian issue.

10 agorot
₪0.50
₪1
₪2
₪5
₪10

Frequently Asked Questions

What currency is used in Palestine?

Palestine does not issue a national currency. The Palestine Monetary Authority identifies the Israeli new shekel, US dollar, Jordanian dinar and euro as currencies legally permitted for circulation, with the shekel widely used in everyday transactions.

Who manages the currency system in Palestine?

Palestine Monetary Authority is the main monetary authority identified for Palestine.

Are the exchange rates for Palestine real-time?

For currency calculations involving Palestine, a supported conversion is based on the latest reference observation available to the tool, with the observation date shown. Treat it as a dated benchmark, not as a guaranteed retail conversion price.

Data note: Figures marked with * are sourced from external institutions or data providers and may change after publication. Exchange rates, payment statistics and other time-sensitive figures are provided for general reference and may not reflect current market, bank, card-network or transaction rates. DigifyWorld aims to use reliable sources and keep information current, but cannot guarantee that all data is complete, real-time or 100% accurate. Check the cited source or relevant monetary authority when making financial decisions.

More about Palestine

Explore Palestine across the other DigifyWorld country-data sections.

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Sources & methodology

Palestine Monetary Authority is the principal reference used here for institutional facts about Israeli new shekel in Palestine. ILS identification follows ISO 4217, while exchange-arrangement classification is kept separate from dated market observations. That gives a clear reference point.

View sources used for this page
Exchange-rate note: the ILS converter for Palestine requests a supported reference-rate source and displays the observation date. If no supported observation is available, the converter shows that a reference rate is unavailable instead of estimating one.