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Shekel
noun
A currency unit of both ancient and modern Israel.
Exact(49)
The most recent were the Mexican peso and the Israeli shekel, back in 2008.
The shekel, under an exchange-rate policy introduced in 1991, is rock hard so hard, in fact, that it is giving the government fits.The shekel's value is set against a basket of foreign currencies.
The Israelis will likely cut off access to financial services, which would be devastating since the PA economy mainly uses the Israeli shekel.
The shekel touched an 18-month high against the dollar.In this section Overview Oil reserves Economy Financial markets Reprints.
The government wants the shekel to depreciate against the basket by about 6% a year roughly the difference between Israeli inflation and that of its main trading partners.
Since the market rate is 4.13, this suggests the shekel is 38% overvalued.
Similar(11)
Before Etgar had taken a step, his father grabbed his collar and popped open the register, handing him a brand-new ten-shekel bill.
Golda Meir, Israel's prime minister of five years, appeared on the Israeli ten-shekel note for a time, and Elizabeth II has appeared on currency throughout former British Commonwealth countries since 1953, albeit as head of state, rather than of government.
Ms. Mandl and her husband took out a 50,000-shekel loan (about $13,000) to make that film, and they are struggling to repay it.
Tours of the Hurva Synagogue are well worth the 25-shekel (about $6.50 at 3.75 shekels to the dollar) fee.
— Shakeeb Al-Jabri (@LeShaque) March 3, 2012 An activist who writes on Twitter as "Arab Spring," and the Israeli blogger, Elizabeth Tsurkov, combined to explain that even the one bill on the top of the stack which did originate in Israel was actually an old one-shekel note, a bill that has not been in circulation since 1985, and would now be worth about one-fiftieth of an American penny.
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