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The new Israeli shekel was initially valued at 1000 old shekels. Here is an excerpt from another site that is useful. Israel's original currency was the lira, also known as the Israeli pound, a term which stems from Britain's control over much of Palestine in the 20th century. The original shekel was introduced in 1980 at a conversion rate of one shekel for each 10 lira. In an attempt to control currency devaluation and reduce rampant inflation - which reached an all-time high of 500% in 1985 - the original shekel was replaced with the "new shekel" in 1985 at a conversion rate of 1,000 old shekels to each new shekel. Here is the link for attribution. http://converter-currency.com/currency/israeli-new-sheqel.cfm
What else can I help you with?
What is the value of one dollar in shekels?
As at 11Oct09 1 US Dollar was worth 3.37 Shekels.
How does the New Israel Shekel compare to US dollar?
1 US dollar is worth 3.74 new Israel shekels
Is there a formula to covert shekels to US dollar?
1 Isreli New Sheqel equals 0.29 Us Dollar. With that in mind, 1 US Dollar quals 3.49 Israeli New Sheqels. Hope this helped.
Do they accept us DOLLARS in israel?
US dollars are 'accepted' everywhere in the world. The US dollar buys approximately 3.69 New Israeli Shekels, as of March 2010.
One us dollar equals how many shekels in israel?
1.00 USD=3.76300 ILSThis is a changing number.For updated rates visithttp://www.xe.com/ucc/convert.cgi?Amount=1&From=USD&To=ILS
What does 60 Nis equal in us dollars?
60 Israeli shekels = 16.10952 U.S. dollars
How much is 5 israel in us dollars?
5 Israeli shekels = 1.33369 U.S. dollars (15/Feb/2010)
How much is 100 shekels worth in us Dollars?
Around $27.00
In relation to one dollar US how many shekels would it take?
it is 4 sheklels
How much is 7000 shekels worth in US Dollars?
To convert 7000 Israeli shekels (ILS) to US dollars (USD), you need the current exchange rate. As of my last update, the exchange rate was roughly 1 ILS = 0.29 USD, which would make 7000 shekels approximately 2,030 USD. However, exchange rates fluctuate, so it's best to check a reliable financial news source or currency converter for the latest rate.
How much is twenty shekels of silver in US dollars?
A shekel is a unit of weight, so the value of 20 shekels in US dollars would fluctuate with the current trading value of silver. One shekel is approximately 2/5 of an ounce or 11.5 grams. As of today, 1/15/11, 20 shekels would be about $228. <><><><><> A shekel is also a unit of currency, and is presently the official currency of Israel. Since conversion varies, you would need to consult a bank or some such trading organization. As of today, 1/15/11, 20 shekels are approximately worth $5.6 dollars US.
How much is an Australian dollar worth in the US?
1 Australian dollar is worth 1.06 Dollar in US
