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US dollar vs. New Israeli Shekel •USDILS•



The USDILS is the abbreviation for the US dollar and New Israeli Shekel pair. Prices in USD/ILS are quoted in Israeli Shekel to the US Dollar. Since the economic crisis of the 1980s and the subsequent introduction of the new shekel in 1985, the Bank of Israel and the Israel government have maintained more conservative fiscal and monetary policies that have helped to stabilize the currency. Despite the global recession of 2008 through 2009, the economy has recovered better than most economies thanks to the implementation of these new fiscal policies by the State of Israel as well as the success of the banking sectors. However, as a result of the middle-East unrest, the currency pair is vulnerable to geopolitical turmoil and thus can exhibit large price swings.

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