Convert Bulgarian Lev to Israeli New Sheqel
Please provide values below to convert Bulgarian Lev [BGN] to Israeli New Sheqel [ILS], or Convert Israeli New Sheqel to Bulgarian Lev.
How to Convert Bulgarian Lev to Israeli New Sheqel
1 BGN = 0.498535127055306 ILS
Example: convert 15 BGN to ILS:
15 BGN = 15 × 0.498535127055306 ILS = 7.4780269058296 ILS
Bulgarian Lev to Israeli New Sheqel Conversion Table
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Bulgarian Lev
The Bulgarian Lev (BGN) is the official currency of Bulgaria, used for everyday transactions and monetary exchanges within the country.
History/Origin
The Lev was introduced in 1881, replacing the Bulgarian lev of the Ottoman Empire, and has undergone several reforms, most notably in 1999 when the current fixed exchange rate system was established to stabilize the economy.
Current Use
The Bulgarian Lev is the sole legal tender in Bulgaria, widely used in all financial transactions, banking, and commerce within the country, and is pegged to the Euro at a fixed rate.
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.