What is an Israeli coin called?

The Israeli national currency holds a unique place in the global financial landscape, being identified by the acronym NIS or ILS, but most commonly referred to simply as the shekel. This monetary unit serves as the backbone of the Israeli economy, facilitating transactions and serving as a store of value for the nation's citizens and businesses.

The history of the Israeli shekel is intertwined with the country's political and economic development. Introduced in 1985, it replaced the Israeli pound, marking a significant milestone in the nation's economic evolution. Since then, the shekel has become a trusted and widely used currency, both domestically and in international trade.

The value of the Israeli shekel is determined by various economic factors, including inflation rates, interest rates, and the country's overall economic performance. Its stability and resilience have contributed to Israel's reputation as a thriving economic hub in the Middle East.

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