New Israeli sheqel

Countries that use the New Israeli sheqel

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

ISO 4127:

List of all currencies

1.00 New Israeli sheqels = 0.27 US dollars

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Exchange rate history 1 ILS in USD

The graph shown here shows the exchange rate development from January 2017 to June 2023. The exchange rate for 1 ILS moved during this time from USD 0.28 to USD 0.27. In these 77 months it fell by 5.4 percent.

New Israeli sheqel 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 States of AmericaNorth America
Virgin IslandsCaribbean
British Indian Ocean TerritoryEastern Africa
Caribbean NetherlandsCaribbean
United States Minor Outlying IslandsMicronesia

Currency reserves for the New Israeli sheqel

According to the International Monetary Fund, the total broad money (M3) amounted to ILS 1.720 trillion at the end of 2021 (data only for Israel). For currency hedging, reserves were held in a total amount of 687.82 billion sheqels. This corresponds to a ratio of 1:2.5. Or in other words, 10 of 25 sheqels 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 69 countries worldwide
Comparison: Cost of livingCost of living in a global comparisonRanking of international living costs from 103 countries compared to the US