Convert Israeli New Sheqel to Moroccan Dirham
Please provide values below to convert Israeli New Sheqel [ILS] to Moroccan Dirham [MAD], or Convert Moroccan Dirham to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Moroccan Dirham
1 ILS = 0.371324223216367 MAD
Example: convert 15 ILS to MAD:
15 ILS = 15 × 0.371324223216367 MAD = 5.56986334824551 MAD
Israeli New Sheqel to Moroccan Dirham Conversion Table
| Israeli New Sheqel | Moroccan Dirham |
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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.
Moroccan Dirham
The Moroccan Dirham (MAD) is the official currency of Morocco, used for everyday transactions and issued by the Bank of Morocco.
History/Origin
The Dirham was introduced in 1960, replacing the Moroccan franc, and has undergone various reforms to modernize and stabilize the currency, including decimalization and currency reforms in the 21st century.
Current Use
The MAD is widely used across Morocco for all forms of payment, including cash, electronic transactions, and banking, and is also accepted in some neighboring regions for specific transactions.