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).

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