Convert Israeli New Sheqel to British Pound Sterling
Please provide values below to convert Israeli New Sheqel [ILS] to British Pound Sterling [GBP], or Convert British Pound Sterling to Israeli New Sheqel.
How to Convert Israeli New Sheqel to British Pound Sterling
1 ILS = 4.51904890570116 GBP
Example: convert 15 ILS to GBP:
15 ILS = 15 × 4.51904890570116 GBP = 67.7857335855174 GBP
Israeli New Sheqel to British Pound Sterling Conversion Table
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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.
British Pound Sterling
The British Pound Sterling (GBP) is the official currency of the United Kingdom and its territories, used as a standard unit of monetary value.
History/Origin
The Pound Sterling is one of the oldest currencies still in use, dating back to the 8th century. It was originally a silver coin and has evolved through various forms, including the gold standard and fiat currency, becoming the UK's primary currency in the 19th century.
Current Use
Today, the GBP is widely used in the UK and its territories, serving as the main currency for everyday transactions, banking, and international trade. It is also a major reserve currency globally.