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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 rupee was introduced in 1932, replacing the silver mohar. Initially, the rupee was called the mohru in Nepalese. Its value was pegged to the Indian rupee in 1993 at a rate of 1.6 Nepalese rupees = 1 Indian rupee.[
1 ILS = 21.1211 NPR
Israeli SheqelNepalese Rupee
