Convert Israeli New Sheqel to Armenian Dram
Please provide values below to convert Israeli New Sheqel [ILS] to Armenian Dram [AMD], or Convert Armenian Dram to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Armenian Dram
1 ILS = 0.00870973537506542 AMD
Example: convert 15 ILS to AMD:
15 ILS = 15 × 0.00870973537506542 AMD = 0.130646030625981 AMD
Israeli New Sheqel to Armenian Dram Conversion Table
| Israeli New Sheqel | Armenian Dram |
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Israeli New Sheqel
The Israeli New Sheqel (ILS) is the official currency of Israel, used for everyday transactions and economic activities within the country.
History/Origin
The Israeli New Sheqel was introduced in 1985, replacing the old Sheqel at a rate of 1,000 old Sheqels to 1 New Sheqel, as part of economic reforms to stabilize the Israeli economy.
Current Use
Today, the ILS is widely used in Israel for all financial transactions, including banking, commerce, and government operations, and is also accepted in some Palestinian territories.
Armenian Dram
The Armenian Dram (AMD) is the official currency of Armenia, used for all monetary transactions within the country.
History/Origin
The Armenian Dram was introduced in 1993 following Armenia's independence from the Soviet Union, replacing the Soviet ruble as the national currency.
Current Use
The AMD is actively used in Armenia for everyday transactions, banking, and trade, and is managed by the Central Bank of Armenia.