Israeli New Shekel (ILS)
a.k.a. ILS, Shekel, NIS
Israel's currency, code ILS, a floating currency closely tied to the country's tech sector and security…
In plain English
Israel's currency, code ILS, a floating currency closely tied to the country's tech sector and security situation.
The Israeli new shekel (ILS) replaced the old shekel in 1985 after a bout of very high inflation. Strong tech exports have often kept it firm, prompting the Bank of Israel to buy dollars at times.
It can move sharply on regional security news.
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