Israeli Shekel is now eligible convertable currency
Posted on May 26, 2008
Filed Under Economy, Israel, News
While the enemies of Israel speak of its soon end and threaten to “wipe it off the map”, the Jewish State notes another achievement of its modern and successfully developed (and developing) economy.
The New Israeli Shekel became was added on Monday to the list of eligible currencies by currency settlement network CLS Bank, along with the Mexican peso.
The New York-based firm, which ensures that each side of foreign exchange trades gets paid, will offer settlement in these currencies immediately, taking the total number of currencies that it handles to 17.
As of today, 1 Shekel equals to 0.305 U.S. dollars
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