Convert Nigerian Naira to Israeli New Shekel
Convert Nigerian Naira (NGN) to Israeli New Shekel (ILS) using daily updated exchange rates.
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Exchange Rate
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About Nigerian Naira
The Nigerian Naira (NGN) is the official currency of Nigeria, Africa's most populous country and largest economy by GDP. Introduced in 1973 to replace the Nigerian pound, the naira has experienced severe long-term depreciation relative to major currencies. The Central Bank of Nigeria (CBN) manages monetary policy. Nigeria is a major oil producer - crude oil and natural gas account for the vast majority of government revenues and export earnings. The economy has faced structural challenges including dependence on oil, inflation, currency shortages, and foreign exchange controls.
About Israeli New Shekel
The Israeli New Shekel (ILS) has been the official currency of Israel since 1986, replacing the old shekel at a rate of 1,000 to 1. The shekel is one of the oldest monetary units in human history, mentioned throughout the Hebrew Bible as a weight of silver. The Bank of Israel manages monetary policy with a free-floating exchange rate. Israel has a highly developed, technology-driven economy - often called the "Start-Up Nation" - with significant exports of software, semiconductors, pharmaceuticals, and diamond cutting and polishing. The new shekel is divided into 100 agorot.
Quick Reference Table
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Exchange rates are updated daily and provided for informational purposes only. Not suitable for financial transactions. Source: fawazahmed0/exchange-api (MIT license).