AED to ILS

AED - United Arab Emirates Dirham (د.إ.‏)
ILS - Israeli New Shekel ()
1 AED1 ILS

Currency conversion rates from AED to ILS

AEDILS
1 AED1 ILS
5 AED5 ILS
10 AED10 ILS
20 AED20 ILS
50 AED50 ILS
100 AED100 ILS
250 AED250 ILS
500 AED500 ILS
1000 AED1000 ILS
2000 AED2000 ILS
5000 AED5000 ILS
10000 AED10000 ILS
ILSAED
1 ILS1 AED
5 ILS5 AED
10 ILS10 AED
20 ILS20 AED
50 ILS50 AED
100 ILS100 AED
250 ILS250 AED
500 ILS500 AED
1000 ILS1000 AED
2000 ILS2000 AED
5000 ILS5000 AED
10000 ILS10000 AED

AED - United Arab Emirates Dirham (د.إ)

The United Arab Emirates dirham is the currency of the United Arab Emirates. The dirham is abbreviated by the currency code AED, and its symbol is د.إ. Unofficial abbreviations include ‘Dhs’ and ‘DH’. The most popular AED exchange is with Indian rupees (INR to AED). The dirham is a fiat currency, and its conversion factor has 6 significant digits.

The Dirham (AED) is the currency of the United Arab Emirates. 1 Dirham = 100 fils. Exchange can be done at a bank, but is less costly at an exchange office. The United Arab Emirates Dirham was pegged to the IMF’s drawing rights in 1978. In 1997 the Dirham was pegged to the US Dollar at 1 USD = 3.6725 dirham.

The United Arab Emirates Dirham is the currency in United Arab Emirates (AE, ARE, UAE). The symbol for AED can be written Dh, and Dhs. The United Arab Emirates Dirham is divided into 100 fils. The exchange rate for the United Arab Emirates Dirham was last updated on Today from The International Monetary Fund. The AED conversion factor has 6 significant digits.

Economy

  • The United Arab Emirates is ranked second in the Corporation Council for the Arab States of the Gulf (CCASG).
  • Natural gas and petroleum exports play an important role in the economy.
  • The service sector is also an important source of income.
  • Construction forms a huge part of the economy; there is currently an average of $350 billion in construction projects.
  • The United Arab Emirates is part of the World Trade Organization.
  • Imports are machinery, manufactured goods, and transport equipment.
  • In 2009, 85% of exports were natural resources.
  • The United Arab Emirates has the fastest-growing economy in the world.

History

  • The original currency in the United Arab Emirates was the Bahraini Dinar.
  • Before 1966 the United Arab Emirates used the Gulf Rupee.
  • The United Arab Emirates dirham started circulating in December 1971. The dirham replaced the Dubai Riyal as well as the Qatar Riyal at par.
  • From 1973 to 1982 the United Arab Emirates issued the Dirham.
  • In 1976 the United Arab Emirates minted commemorative coins.
  • In the late 1980s a fixed rate was established between the Dirham and the USD.
  • 200-dirham denominations were produced only in 1989 and are scarce; however, the 200-dirham was re-introduced in May 2008 in a different color from the original.
  • In 1997 the Dirham was pegged to the US Dollar.

More information about AED - United Arab Emirates Dirham (د.إ)


ILS - Israeli New Shekel ()

Israeli New Shekel

The Israeli New Shekel (ILS) is the currency of the State of Israel and is issued by the Bank of Israel. The name “Shekel” derives from an ancient unit of weight of approximately one ounce or 12 grams.

The Israeli New Shekel is the currency in Israel (IL, ISR). The Israeli New Shekel is also known as the Israeli Sheqel. The symbol for ILS can be written NIS. The Israeli New Shekel is divided into 100 new agorot. The exchange rate for the Israeli New Shekel was last updated on Today from The International Monetary Fund. The ILS conversion factor has 6 significant digits.

Economy

  • Israel has a technologically advanced market economy. It ranks highly in innovation surveys. It has a high number of startup companies, and the largest number of NASDAQ listed companies outside North America. The country joined the OECD in 2010.
  • Imports include crude oil, grains, raw materials, and military equipment. Exports include cut diamonds, high-technology equipment, and agricultural products (fruits and vegetables). Sizable trade deficits are offset by tourism and other service exports, along with significant foreign investment inflows.
  • The global financial crisis of 2008-09 caused a brief recession in Israel, but the economy has recovered better than most economies due to prudent fiscal policy and a resilient banking sector.
  • In mid-2011, public protests arose around income inequality and rising housing and commodity prices. The government has formed committees to address some of the grievances.
  • Natural gasfields discovered off Israel's coast have improved the outlook for Israel's energy security. The Leviathan field is one of the world's largest offshore natural gas finds in the past decade.

History

  • The Israeli Lira was the currency of the State of Israel from August 1948. From the 1960s onwards, a debate raged over the non-Hebrew name of the currency, resulting in a law ordering the currency to be replaced by the Shekel. The government introduced the Shekel on 24 February, 1980, at a rate of 1 Shekel = 10 Lirot.
  • The Shekel (like the Lira before it) suffered frequent devaluations against the US Dollar and other foreign currencies. After a period of high inflation and as a result of a 1985 Economic Stabilization Plan, the Israeli New Shekel was introduced on January 1, 1986, at a rate of 1 New Shekel = 1000 Old Shekalim.
  • Since the introduction of the Israeli New Shekel, the Bank of Israel and the government of Israel have maintained careful fiscal and monetary policies, resulting in a stable currency.
  • The Israeli New Shekel has been freely convertible from January 1, 2003, and is exchanged by consumers in many parts of the world. On May 26, 2008, CLS Bank International announced that it would settle payment instructions in the currency, making it fully convertible.
  • Derivatives trading in the currency started on the Chicago Mercantile Exchange on May 7, 2006. This makes the Israeli New Shekel one of only a dozen currencies for which there are widely available currency futures contracts in the foreign exchange market.
  • Israel has no mint to produce its banknotes, which are printed in Switzerland, or coins, which are minted in South Korea.

More information about ILS - Israeli New Shekel ()