Convert Israeli New Sheqel to Iranian Rial
Please provide values below to convert Israeli New Sheqel [ILS] to Iranian Rial [IRR], or Convert Iranian Rial to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Iranian Rial
1 ILS = 7.88214555640321e-05 IRR
Example: convert 15 ILS to IRR:
15 ILS = 15 × 7.88214555640321e-05 IRR = 0.00118232183346048 IRR
Israeli New Sheqel to Iranian Rial 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.
Iranian Rial
The Iranian Rial (IRR) is the official currency of Iran, used for everyday transactions and pricing within the country.
History/Origin
The Iranian Rial was introduced in 1932, replacing the Iranian Toman. It has undergone several redenominations and inflation periods, with the current form established in 2002 to address hyperinflation.
Current Use
Today, the IRR is the primary currency used in Iran for all financial transactions, though the currency experiences high inflation and is often used alongside other forms of payment such as digital currencies and foreign currencies in certain contexts.