Convert 5 Indian Rupee (INR) to Israeli New Sheqel (ILS)
Exchange rates used for currency conversion updated on December 21st 2024 ( 12/21/2024 )
Below you will find the latest exchange rates for exchanging Indian Rupee (INR) to Israeli New Sheqel (ILS) , a table containing most common conversions and a chart with the pair's evolution.
The Indian Rupee (INR) to Israeli New Sheqel (ILS) rates are updated every minute using our advanced technology for live forex currency conversion. Check back in a few days for things to buy with this amount and information about where exactly you can exchange currencies online and offline.
The currency exchange rate, calculated between Indian Rupee and Israeli New Sheqel on 12/21/2024 is 1 INR = 0.043 ILS - AVERAGE intraday quotes were used for this currency conversion.
Under the monetary policy of the Reserve Bank of India (RBI) the INR, Indian rupee, having once been held back by a centrally planned economy it is increasing its presence in world currency markets as the central planning and controls are released and the Indian economy is released, embracing the free markets. The INR is a floats against a basket of goods and other currencies and it is increasing in worldwide importance as the underlying economy grows and the RBI continues to focus on price stability and the general well being of the country.
About Israeli New Sheqel (ILS)
The Israeli new shekel is the official currency of Israel and the Palestinian territories. The currency code for the new shekel is ILS and the word shekel is singular and can be written as sheqel and when plural it is written as shekalim. The symbol for the shekel is "?" and each shekel can be divided into 100 agora, plural agorot.
The Bank of Israel issues banknotes in 20, 50, 100, and 200 new shekalim values and coins in 10 agorot and ½, 1, 2, 5, 10 new shekalim values. The newest printing of the 20 shekalim banknote is on a polymer base in lieu of the more traditional paper base. In 2011 the Bank of Israel has said that it intendeds to remove the word "new" from "new shekel" having been 25 years since its original issuance.
