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ISRAEL (ILS) ISRAELI SHEQEL
The Israeli new Sheqel or unofficially pronounced shekel is the currency of
Israel. Its international currency code is ILS and it is represented by the
Hebrew symbol ‘₪’. One sheqel is divided into 100 agorot, agora in the singular.
Currently in circulation
Coins that are currently in circulation are in the denominations of ½ new sheqel,
1 new sheqel, 2, 5 and 10 shqalim. The dates on the coins are given in Hebrew
numerals. Banknotes in current circulation are in the denominations of 20, 50,
100 and 200 ILS.
Exchange facilities and traveller’s cheques
All kinds of foreign currencies can be exchanged at the airport, banks, post
offices, many of the hotels and authorised exchange agencies in the major
cities. You will need to produce your passport while cashing traveller’s
cheques. Banks will charge a commission on a transaction. The rates can also
vary in different places. It is also advisable to keep a few dollars in cash as
some of the tourist sites especially in Jerusalem accept payment in dollars.
Most of the larger hotels have banks thereby providing more convenient working
hours.
Using credit/debit cards
Tourists can use their international credit cards to withdraw foreign as well as
local currency. There are ATM’s available outside most of the banks. Major
credit cards are widely accepted in restaurants, stores, hotels, museums and
such other places. If goods and services are paid for in foreign currency,
tourists are exempted from paying VAT for some of the items.
Restrictions
There is no limit to the amount of foreign or local currency including
traveller’s cheques, credit cards or State of Israel Bonds, that you can take
into Israel. At the end of your stay, you can convert the remaining sheqels, up
to $500, at the airport. But if the amount exceeds $5000, you will need to
furnish the original conversion receipts to get them reconverted to foreign
exchange.
Israel: An overview
Israel is a tiny country not more than 29,000 square kilometres but it has a
heavenly fusion of four different geographical zones. This extraordinary feature
gives it a unique combination of flora and fauna, with 2,600 species of wild
plants. Rural tourism is equally fascinating with its quiet tranquil pastoral
surroundings and breathtaking views of the never-ending landscape.
The cost of living in Israel is exceptionally high with Tel Aviv overshooting
even New York.
