KBC 13 Offline Quiz (October 12, 2021): What is the currency of Israel?

The options are:

a. Dollar

b. Pound

c. Diner

d. Shekel

Answer: d. Shekel

Israeli Shekel is the official currency of Israel. It is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip. The new shekel is divided into 100 agorot and is being used since January 1, 1986, when it replaced the hyperinflated old shekel at a ratio of 1000:1.

One Shekel in the United States dollars amounts to $0.31 and amounts to 2.

The origin of the name "shekel" (שֶׁקֶל‎) is from the ancient Biblical currency by the same name. An early Biblical reference is Abraham being reported to pay "four hundred shekels of silver" to Ephron the Hittite for the Cave of the Patriarchs in Hebron

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