Convert Israeli New Sheqel to Nigerian Naira
Please provide values below to convert Israeli New Sheqel [ILS] to Nigerian Naira [NGN], or Convert Nigerian Naira to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Nigerian Naira
1 ILS = 0.00218527057079463 NGN
Example: convert 15 ILS to NGN:
15 ILS = 15 × 0.00218527057079463 NGN = 0.0327790585619195 NGN
Israeli New Sheqel to Nigerian Naira 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.
Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, used for all monetary transactions within the country.
History/Origin
Introduced in 1973, the Naira replaced the Nigerian pound at a rate of 2 Naira to 1 pound, and has undergone various redenominations and currency reforms since then.
Current Use
The Naira is widely used across Nigeria for everyday transactions, banking, and trade, with coins and banknotes issued by the Central Bank of Nigeria.