Is NIS the Same as ILS? Yes—Both Are the Israeli New Shekel
Yes, NIS and ILS refer to the exact same currency: the Israeli New Shekel.
Code Details
- ILS – The official ISO 4217 currency code (used in banking, forex, international trade, SWIFT).
- NIS – Stands for New Israeli Shekel. A widely used legacy/mnemonic code in Israel, on price tags, receipts, and domestic financial contexts.
Practical Equivalence
- 1 ILS = 1 NIS = 1 New Shekel = 100 Agorot.
- Bank of Israel uses ILS officially; retailers often display "NIS" or the symbol ₪.
- In currency converters, use ILS for the standard code.
No conversion is needed—they are interchangeable labels for the same monetary unit introduced in 1985 (replacing the old shekel at 1,000:1).