Convert Israeli New Sheqel to Egyptian Pound
Please provide values below to convert Israeli New Sheqel [ILS] to Egyptian Pound [EGP], or Convert Egyptian Pound to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Egyptian Pound
1 ILS = 0.0681629226304979 EGP
Example: convert 15 ILS to EGP:
15 ILS = 15 × 0.0681629226304979 EGP = 1.02244383945747 EGP
Israeli New Sheqel to Egyptian Pound Conversion Table
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
Egyptian Pound
The Egyptian Pound (EGP) is the official currency of Egypt, used for all monetary transactions within the country.
History/Origin
The Egyptian Pound was introduced in 1898, replacing the Egyptian piastre, and has undergone various reforms and decimalization over the years to modernize the currency system.
Current Use
Today, the Egyptian Pound is the primary currency in Egypt, issued and regulated by the Central Bank of Egypt, and is used in everyday transactions, banking, and trade.