New Israeli Shekels Buy: 121.0 / Sell: 151.0 / National Bank rate: 159.63

The new shekel (Hebrew: שקל חדש‏‎, "shekel hadash") is the full name of the Israeli currency, which has been in circulation since September 4, 1985, replacing the shekel, which was introduced on February 24, 1980. One shekel is equal to 100 agorot.

Banknotes in circulation are 20, 50, 100, and 200 shekels.

The new shekel has been an international, freely convertible currency since January 1, 2003, and was added to the list of 18 freely convertible currencies used for settlements by the global interbank system CLS on May 26, 2008.

On April 13, 2008, the polymer 20 new shekel banknote was introduced into circulation. Each new banknote costs approximately one and a half times more to produce (45 agoros versus 30 agoros), but the advantage of using them is obvious—they are much more durable.