Israel’s currency, the shekel, is now legal tender internationally.
The shekel can now be used in trading overseas, with banks throughout the world converting shekels to other currencies, according to Israel’s business daily Globes. Israeli companies also will be able to make payments in shekels to overseas customers.
The change comes after Israel received recognition from CLS Bank International, the international currency clearing system. Mexico’s peso also was recognized.
The official membership in CLS recognizes the shekel as one of the strongest currencies in the world, according to Globes.
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