Convert Israeli New Sheqel to Ethiopian Birr
Please provide values below to convert Israeli New Sheqel [ILS] to Ethiopian Birr [ETB], or Convert Ethiopian Birr to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Ethiopian Birr
1 ILS = 0.0244808880744043 ETB
Example: convert 15 ILS to ETB:
15 ILS = 15 × 0.0244808880744043 ETB = 0.367213321116065 ETB
Israeli New Sheqel to Ethiopian Birr Conversion Table
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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.
Ethiopian Birr
The Ethiopian Birr (ETB) is the official currency of Ethiopia, used for all monetary transactions within the country.
History/Origin
The Birr was introduced in 1894, replacing the Maria Theresa thaler, and has undergone various reforms and decimalization over the years to modernize Ethiopia's currency system.
Current Use
Today, the Ethiopian Birr is actively used as Ethiopia's legal tender, with coins and banknotes circulating for everyday transactions and economic activities.