Israeli new shekel / Swiss franc

The Israeli New Sheqel is the official currency of Israel. Its purpose is to provide a stable and reliable medium of exchange for businesses and consumers in the country. In the investing and financial markets, it is used as a unit of account to measure the value of investments and other financial instruments. It is also used as a store of value, allowing individuals and businesses to save money and hedge against inflation. It is an important currency for international transactions and is accepted by many countries around the world. In addition, it is used for foreign currency transactions and for trading on the Tel Aviv Stock Exchange.