Convert Israeli New Sheqel to Saudi Riyal
Please provide values below to convert Israeli New Sheqel [ILS] to Saudi Riyal [SAR], or Convert Saudi Riyal to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Saudi Riyal
1 ILS = 0.892 SAR
Example: convert 15 ILS to SAR:
15 ILS = 15 × 0.892 SAR = 13.38 SAR
Israeli New Sheqel to Saudi Riyal Conversion Table
| Israeli New Sheqel | Saudi Riyal |
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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.
Saudi Riyal
The Saudi Riyal (SAR) is the official currency of Saudi Arabia, used for all monetary transactions within the country.
History/Origin
The Saudi Riyal was introduced in 1925, replacing the Indian Rupee, and has undergone various reforms, including decimalization in 1929. It is issued and regulated by the Saudi Central Bank.
Current Use
The SAR is widely used in Saudi Arabia for everyday transactions, banking, and international trade, and is pegged to the US dollar at a fixed rate.