The new shekel:
The new shekel is the monetary unit of Israel and together with the Jordanian dinar, it is also the Palestinian National Authority. It is divided into 100 agorot.
The new shekel was adopted in 1985, replacing the shekel, at the rate of 1000 old shekels for each unit of the new currency.
Coins and notes of the New shekel:
We currently find coins of 5 and 10 agorot as a fraction and ½, 1, 2, 5, 10 new shekel.
As for the tickets, the current values are 20, 50, 100 and 200 new.
Did you know?
- The new shekel is not produced in Israel. Currently, coins are minted at the Korea Minting and Security Printing Corporation and the tickets are manufactured in Switzerland.
- The old shekel suffered a strong and uncontrolled inflation that took place during Israel's economic crisis in the early 1980s.
- Since January 1, 2003, the new shekel is a flexible currency, with free trade in the forex market.
Why changing currency with us is better than with your bank?
 Global Exchange | Your high-street bank | |||
|---|---|---|---|---|
| Variety of currencies | We have more than 60 currencies. We are specialists. | Only major currencies. Travel money is just a secondary business for banks. | ||
| Availability of currencies | Immediate availability of currencies in our branches. Click and collect or walk in to our stores. | If they can actually get your exotic currency, prepare for a couple of visits to your bank before you can collect your money. | ||
| Expenses | Order your foreign currency online, you will get bigger discounts the higher the amount you exchange. Online orders also get better rates than at the airport | The bank sets its own margin plus a commission. | ||
| Different denominations available | At Global Exchange, you’ll get a variety of banknotes with different values, adapted to all your payment needs. | No, prepare for having trouble trying to use high banknote denominations abroad. | ||
| Delivery options | Order online to benefit from a price reduction and collect at the branch of your choice. | You’ll have to go first to your bank to order the currency you need, then wait for it to come and go back again to collect it. |