The Israeli new shekel (Hebrew: שֶׁקֶל חָדָשׁ; Arabic: شيكل جديد‎ šēkal jadīd; sign: ₪; code: ILS), also known as simply the Israeli shekel (Hebrew: שקל ישראלי, Arabic: شيكل إسرائيلي‎), is the currency of Israel and is also used as a legal tender in the Palestinian territories of the West Bank and the Gaza Strip.