Israel Money

Currency

New Shekel (ILS; symbol ₪) = 100 agorot (singular, agora). Notes are in denominations of ₪200, 100, 50, and 20. Coins are in denominations of ₪ 10, 5, 2 and 1, and 50 and 10 agorot.

Note: Prices for tourist services are sometimes quoted in US Dollars. This is usually where the expectation is that a credit card will be used, for example when hiring a car. In these instances, the amount paid would be written in US Dollars.

Currency Exchange

Foreign currency can only be exchanged at authorised banks, hotels and change shops. Change shops found in most cities charge no commission and equal the bank exchange rates. It is advisable to leave Israel with the minimum of Israeli currency. Payment in foreign currency exempts tourists from VAT on certain purchases and services, and is sometimes preferred by shop keepers.

Credit/Debit Cards and ATMs

All major credit cards are accepted. ATMs are widely available.

Traveller's Cheques

These are widely accepted. To avoid additional exchange rate charges, travellers are advised to take traveller's cheques in US Dollars.

Currency Restrictions

Restrictions apply.

Banking Hours

Sun-Fri 0830-1200 and Sun, Tues, Thurs 1600-1800.

Exchange Rate Indicators

1.00 GBP = 6.3 ILS
1.00 USD = 3.77 ILS
1.00 EUR = 5.61 ILS
Currency conversion rates as of15 November 2009
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