Convert Israeli New Sheqel to Argentine Peso
Please provide values below to convert Israeli New Sheqel [ILS] to Argentine Peso [ARS], or Convert Argentine Peso to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Argentine Peso
1 ILS = 0.00264182534730723 ARS
Example: convert 15 ILS to ARS:
15 ILS = 15 × 0.00264182534730723 ARS = 0.0396273802096085 ARS
Israeli New Sheqel to Argentine Peso 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.
Argentine Peso
The Argentine Peso (ARS) is the official currency of Argentina, used for all monetary transactions within the country.
History/Origin
The Argentine Peso was first introduced in 1881, replacing the Argentine Austral. It has undergone several revaluations and reforms, with the current peso being reintroduced in 1992 after a period of hyperinflation and currency instability.
Current Use
Today, the ARS is the legal tender in Argentina, used for everyday transactions, banking, and trade. It is managed by the Central Bank of Argentina and remains subject to inflationary pressures and economic fluctuations.