Convert Israeli New Sheqel to Euro
Please provide values below to convert Israeli New Sheqel [ILS] to Euro [EUR], or Convert Euro to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Euro
1 ILS = 3.92283335287909 EUR
Example: convert 15 ILS to EUR:
15 ILS = 15 × 3.92283335287909 EUR = 58.8425002931864 EUR
Israeli New Sheqel to Euro 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.
Euro
The euro (EUR) is the official currency of the Eurozone, used by 19 of the 27 European Union member states, and is one of the world's major reserve currencies.
History/Origin
The euro was introduced in electronic form in 1999 and banknotes and coins entered circulation on January 1, 2002, replacing national currencies and fostering economic integration within the Eurozone.
Current Use
The euro is widely used across the Eurozone countries for everyday transactions, international trade, and as a reserve currency held by central banks worldwide.