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