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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 Turkish Lira (TRY) is the official currency of Turkey and the Turkish Republic of Northern Cyprus. It serves as a medium of exchange for goods and services within the country and plays a crucial role in the Turkish economy.