Convert United Arab Emirates Dirham to Israeli New Sheqel
Please provide values below to convert United Arab Emirates Dirham [AED] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to United Arab Emirates Dirham.
How to Convert United Arab Emirates Dirham to Israeli New Sheqel
1 AED = 1.09790732436472 ILS
Example: convert 15 AED to ILS:
15 AED = 15 × 1.09790732436472 ILS = 16.4686098654708 ILS
United Arab Emirates Dirham to Israeli New Sheqel Conversion Table
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United Arab Emirates Dirham
The United Arab Emirates Dirham (AED) is the official currency of the United Arab Emirates, used for all monetary transactions within the country.
History/Origin
The AED was introduced in 1973, replacing the Qatar and Dubai riyal at par, to unify the various currencies used in the emirates and establish a national monetary system.
Current Use
The AED is widely used across the UAE for everyday transactions, banking, and international trade, and is recognized as a stable and reliable currency in the region.
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.