English

Noun

new sheqel ‎(plural new sheqels or new sheqalim)

1. The official designation of the Israeli currency since 1 January 1986 (in order to distinguish it from the abolished 1980-1985 sheqel). Divided into 100 agorot and represented by ₪. In English, also represented by the initialism NIS (for "New Israeli Sheqel"). ISO 4217 code: ILS.