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The sheqel has been a freely convertible currency since January 1, 2003. The currency is not produced in Israel, as the country has no mint. Instead banknotes are imported by air and coins by sea.
The Jordanian dinar also circulates in West Bank together with the Israeli new sheqel. Since 1995, the dinar has been officially pegged to the IMF's Special Drawing Rights (SDRs). In practice, it is fixed at 1 U.S. dollar = 0.709 dinar most of the time.
1 ILS = 0.1904 JOD
Israeli SheqelJordanian Dinar
