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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 riyal has been the currency of Saudi Arabia since the country came in to being and was the currency of Hejaz before Saudi Arabia was created. In June 1986, the riyal was officially pegged to the US Dollar at a fixed exchange rate of 1 U.S. dollar = 3.75 riyals.
1 ILS = 1.0068 SAR
Israeli SheqelSaudi Riyal
