Countries that use the Shekel
The 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.
1.00 Shekel = 0.28 US Dollar
Exchange rate history 10 ILS in USD
Shekel as currency
Currency reserves for the Shekel
According to the International Monetary Fund, the total broad money (M3) amounted to ILS 1,101.16 billion at the end of 2016 (data sums up for all 2 countries). For currency hedging, reserves were held in a total amount of 386.64 billion Shekels. This corresponds to a ratio of 1:2.8. Or in other words: 1 of 3 Shekels is 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 information without guarantee.