What is the currency used in Israel?

The Shekel; Israel’s official currency since 1985; replaced the old shekel to stabilize the economy. Named after a historical unit of weight; it underpins Israel’s financial system. Euro is Europe’s currency; Pound is used in the UK; and Krone in Scandinavian nations. Understanding global currencies is key for analyzing international trade; economic policies; and their historical significance in shaping national economies.