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Economy, Currency and Banking

agorot, Bank of Israel, mortgage banks, Tel Aviv-Yafo, foreign banks

Israelís currency is the new Israeli sheqel (NIS), consisting of 100 agorot (4.08 NIS equal U.S.$1; 2000 average). The Bank of Israel (1954) issues currency and handles government banking transactions. There is a flourishing banking sector with many specialized merchant banks, foreign banks, mortgage banks, and banks set up to aid industry and agriculture. A stock exchange is in Tel Aviv-Yafo.



Article key phrases:

agorot, Bank of Israel, mortgage banks, Tel Aviv-Yafo, foreign banks, stock exchange, average, agriculture

 
 

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