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Last updated : Nov 2009
 
Israel Currency
Israel Currency and Bank information - TravelPuppy.com
The New Shekel is the official currency in Israel.

1 New Shekel (IS) = 100 agorot (singular is agora).

Notes are in denominations of IS 20, 50, 100 and 200.

Coins are in denominations of IS 10, 5 and 1. Also 10 and 50 agorot.

Credit & debit cards

All main credit cards are accepted.

Travellers cheques

Travellers cheques are widely accepted. To avoid additional exchange rate charges, is is advised to take travellers cheques in US Dollars.

Currency Exchange

Foreign currency can only be exchanged at authorised banks, bureaux de change and hotels. It is advisable to leave Israel with minimal amount of Israeli currency. Payment in foreign currency excuses tourists from VAT on certain purchases and services. A maximum of US $500 worth of new shekels can be exchanged to foreign currency by travellers leaving Israel.

Exchange rate indicators

The following figures should be perceived as a guide to the movements of the New Israel Shekel against the US Dollar and UK Pounds Sterling:
 
Date Nov’07
UK £1.00=
8.23
US $1.00=
3.94
 
Currency restrictions

There are not any restrictions on the import of local or foreign currency. Travellers planning to export local currency should request at a local bank before departure from Israel. The export of foreign currency is restricted to the amount imported.

Banking hours

Banks are open Sunday to Friday from 8.30 am to 12.00 pm, also Sundays, Tuesdays and Thursdays 4.00 pm to 6.00 pm.
Useful travel links
MasterCard ATM Locator Location of any ATM that accepts MasterCard
Oanda International Currency and foreign exchange services
VISA ATM Locator Location of any ATM that accepts VISA cards