Convert Israeli New Sheqel to Libyan Dinar
Please provide values below to convert Israeli New Sheqel [ILS] to Libyan Dinar [LYD], or Convert Libyan Dinar to Israeli New Sheqel.
How to Convert Israeli New Sheqel to Libyan Dinar
1 ILS = 0.616249078850405 LYD
Example: convert 15 ILS to LYD:
15 ILS = 15 × 0.616249078850405 LYD = 9.24373618275608 LYD
Israeli New Sheqel to Libyan Dinar 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.
Libyan Dinar
The Libyan Dinar (LYD) is the official currency of Libya, used for all monetary transactions within the country.
History/Origin
The Libyan Dinar was introduced in 1971, replacing the Libyan Pound at par, and has undergone various redenominations and reforms over the years to stabilize the economy.
Current Use
Today, the LYD is actively used in Libya for everyday transactions, banking, and international trade, with the Central Bank of Libya managing its issuance and regulation.