Israeli Shekel

Countries that use the Israeli Shekel

The Israeli Shekel was established in 1985 as an official national currency and is used only in Israel and in Palestine. 1 Schekel is devided into 100 Agorot.

ISO 4127:

List of all currencies

1.00 Israeli Shekel = 0.29 US Dollar

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Exchange rate history 10 ILS in USD

The graph shown here shows the exchange rate development from January 2016 to September 2022. The exchange rate for 10 ILS developed during this time from USD 2.66 to USD 2.92. In these 81 months it rose by 9.8%.

Israeli Shekel as currency

IsraelWestern Asia
PalestineWestern Asia

US Dollar as currency

American SamoaPolynesia
British Virgin IslandsCaribbean
EcuadorSouth America
El SalvadorCentral America
East TimorSoutheast Asia
Marshall IslandsMicronesia
Federated States of MicronesiaMicronesia
Northern Mariana IslandsMicronesia
Puerto RicoCaribbean
Turks and Caicos IslandsCaribbean
United StatesNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Bonaire, Saint Eustatius and SabaCaribbean

Currency reserves for the Israeli Shekel

According to the International Monetary Fund, the total broad money (M3) amounted to ILS 1,490.37 billion at the end of 2020 (data only for Israel). For currency hedging, reserves were held in a total amount of 596.54 billion Shekels. This corresponds to a ratio of 1:2.5. Or in other words: 10 of 25 Shekels are deposited with a countervalue, which is internationally already above average.

All currency reserves are only held as foreign currencies, special drawing rights in the International Monetary Fund and other reserve positions. There are no governmental gold stocks.

Worldwide currency and gold reserves


All conversion rates are based on data from the European Central Bank.
Data on currency and gold reserves are from the International Monetary Fund.
Currency reservesCurrency and gold reserves worldwideReserve assets and gold holdings in proportion to the money stock. An international comparison of currency hedging.
Comparison: average incomeAverage income around the worldA comparison of the average income per capita over 68 countries worldwide
Comparison: Cost of livingCost of living in a global comparisonRanking of international living costs from 108 countries compared to the US