Editing Israeli new shekel (section)

=== New shekel (1985–present) ===
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 | image1 = Israel 1000 Sheqalim 1983 Obverse & Reverse.jpg
 | image2 = Israel 5000 Sheqalim 1984 Obverse & Reverse.jpg
 | image3 = Israel 10000 NIS Bill 1984.jpg
 | image4 = Israel 1 Sheqel 1986 Obverse & Reverse.jpg
 | image5 = Israel 5 New Sheqalim 1987 Obverse & Reverse.jpg
 | image6 = Israel 10 New Sekel 1985 Obverse & Reverse.jpg
 | footer = Removing three zeros: The smallest of the new banknotes (below) correspond to the biggest of the old (above).
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Since the economic crisis of the 1980s and the subsequent introduction of the new shekel in 1985, the [[Bank of Israel]] and the [[government of Israel]] have maintained much more careful and conservative fiscal and monetary policies, and have gradually introduced various market-based economic reforms. In addition, the signing of free trade agreements helped the Israeli economy become more competitive, while heavy investment in its industrial and scientific base allowed the country to take advantage of opportunities associated with the rise of the global [[knowledge economy]], thus greatly increasing exports and opening new markets for its products and services. As a result of these factors, inflation has been relatively low and the country now maintains a positive [[balance of payments]], with a [[Current account (balance of payments)|current account]] surplus equivalent to about 3% of its GDP in 2010. Consequently, its currency has strengthened though less so than an exceptional rise in the Euro and Swiss Franc, rising approximately 20% in value relative to the US dollar from 2001 to 2011, contrasting to weakening in prior decades.

Since 1 January 2003, the new shekel has been a freely [[convertible currency]]. Since 7 May 2006, new shekel [[Derivative (finance)|derivative]] trading has also been available on the [[Chicago Mercantile Exchange]].<ref>{{cite press release |publisher=Chicago Mercantile Exchange |date=6 April 2006 |url=http://www.cme.com/about/press/cn/06-45shekel18024.html|title=CME to Launch Foreign Exchange Contract on Israeli Shekel}}</ref> This makes the new shekel one of only twenty or so world currencies for which there are widely available currency [[futures contract]]s in the [[foreign exchange market]]. It is also a currency that can be exchanged by consumers in many parts of the world.<ref>{{cite web |url=http://www.haaretz.com/hasen/spages/954033.html |title=Israelis can soon travel the world with shekels in their pockets |work=[[Haaretz]] |access-date=15 March 2018}}</ref><ref>{{cite web |url=http://fr.jpost.com/servlet/Satellite?pagename=JPost/JPArticle/ShowFull&cid=1211434107513|title=shekel begins trading on global markets |archive-url=https://web.archive.org/web/20110813133456/http://fr.jpost.com/servlet/Satellite?pagename=JPost%2FJPArticle%2FShowFull&cid=1211434107513 |archive-date=13 August 2011 |work=[[Jerusalem Post]] |access-date=15 March 2018}}</ref> On 26 May 2008, [[CLS Group|CLS Bank]] International announced that it would settle payment instructions in new shekels, making the currency [[convertibility|fully convertible]].<ref>{{cite web |date=26 May 2008 |url=http://www.cls-group.com/news/article.cfm?objectid=127EC3A9-F263-C9E9-19BE3E0623DCF229&origin=26E70E8A-14C7-4247-BC9E9B0B321D4D68 |title=CLS Bank live with Israeli shekel and Mexican Peso |url-status=dead |archive-url=https://web.archive.org/web/20080530170857/http://www.cls-group.com/news/article.cfm?objectid=127EC3A9-F263-C9E9-19BE3E0623DCF229&origin=26E70E8A-14C7-4247-BC9E9B0B321D4D68 |archive-date=30 May 2008 |df=dmy-all }}</ref> The shekel in modern times is often highly [[Volatility (finance)|volatile]] caused by Israel's policies, with many countries since 2023 refusing to [[boycotts of Israel|economically cooperate]] with Israel.<ref>{{cite news |title=Macron calls to halt arms deliveries to Israel in Gaza war |url=https://www.bbc.com/news/articles/cjr3zd4d8y5o|agency=BBC}}</ref><ref>{{Cite web |url=https://en.globes.co.il/en/article-shekel-volatility-after-us-tariffs-announcement-1001506906 |title=Shekel volatility after US tariffs announcement |date=4 March 2025 |via=Globes }}</ref><ref>{{Cite web |url=https://www.reuters.com/markets/currencies/israel-shekel-stumbles-iran-hezbollah-attack-concerns-2024-08-12/|title=Israel shekel stumbles on Iran, Hezbollah attack concerns |publisher=[[Reuters]] }}</ref><ref>{{Cite web |url=https://www.dw.com/en/israel-sanctions-who-has-imposed-curbs-over-gaza-war/a-68792324 |title=Israel sanctions: Who has imposed curbs over Gaza war? |date=5 March 2024 |publisher=[[Deutsche Welle]] }}</ref>