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The Israeli New Sheqel (ILS) is the official currency of Israel, introduced in 1985 to replace the old Sheqel. It is subdivided into 100 agorot and is used for all monetary transactions within the country, playing a critical role in the Israeli economy and international trade.
The Swedish Krona (SEK) is the official currency of Sweden, symbolized by 'kr'. It is subdivided into 100 öre, though öre coins are no longer in circulation. The Krona is issued and regulated by the Sveriges Riksbank, Sweden's central bank, and serves as a vital component of the country's economy, facilitating trade and everyday transactions.