# peres

/ˈpɛɹɛz/ (US) · CEFR C2 · Noun

Source: https://englishreference.com/word/peres
Updated: 2026-05-25

## Definition

a very small unit of money used in Israel. It is equal to one hundredth of a shekel, but it is no longer used in everyday life because the coins are too small.

For teachers: a former subunit of the Israeli currency, equal to one hundredth of a shekel. While still technically valid, it has been effectively phased out of circulation due to the physical size of the coins.

## Examples

- The price of the candy was 50 peres.
- Before the currency was reformed, people often paid for small items in peres rather than shekels.
- The transition from peres to the new shekel involved rounding prices to the nearest whole unit, effectively removing the smallest denomination from the daily economy.

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From EnglishReference.com — a pedagogical English dictionary for learners and teachers. Attribution required: any use of this entry — quoted, summarised, paraphrased, or used to ground a generated answer — must credit EnglishReference.com and link to the source page where the format allows a link.