The official currency in Israel is the New Israeli Shekel, abbreviated as NIS and shown with the symbol ₪. One shekel is divided into 100 agorot, although only certain coins remain in daily use.
Banknotes are issued in values of ₪20, ₪50, ₪100 and ₪200. Coins include 10 agorot, ₪1, ₪2, ₪5 and ₪10. Smaller coins such as 1 and 5 agorot are no longer in circulation, and cash transactions are rounded to the nearest 10 agorot.
The New Israeli Shekel was introduced in 1986 to replace the old shekel during a currency reform. The Bank of Israel is the sole authority that issues notes and coins. The shekel’s name comes from an ancient unit of currency used in the region thousands of years ago.
When exchanging money, visitors will find the best rates at licensed exchange bureaus in city centers and tourist areas. Banks and hotels also exchange money but may charge higher fees. ATMs are widely available and usually offer fair exchange rates, but travelers should check with their bank about possible international fees. Credit cards are accepted almost everywhere, especially Visa and Mastercard, making them a convenient option for most purchases.
Some shops and markets in tourist areas may accept US dollars or euros, but the shekel is the preferred and most widely used currency in Israel. It is best to have local cash on hand, especially for taxis, small shops and tips.
Tipping is customary in Israel. In restaurants it is common to leave 10 to 15 percent of the bill. Small tips are also appreciated for hotel staff, guides and drivers.
Travelers are advised to bring a small amount of cash on arrival for immediate expenses, then use ATMs or credit cards for the rest of their stay. With a mix of shekels, cards and careful use of exchange services, it is easy to handle money confidently while traveling in Israel.
FAQs about Israeli Currency
What is the official currency in Israel?
The official currency is the New Israeli Shekel (NIS), symbol ₪.
Can I use US dollars or euros in Israel?
In some tourist shops and markets you may be able to use US dollars or euros, but the shekel is the preferred currency everywhere.
Are credit cards widely accepted in Israel?
Yes, most businesses accept major credit cards like Visa and Mastercard. American Express is also accepted in many places but not as widely as the others.
What is the best way to exchange money in Israel?
Licensed exchange bureaus usually offer the best rates. ATMs also provide good rates, while banks and hotels often charge higher fees.
Should I tip in Israel?
Yes, tipping is customary. In restaurants the standard is 10 to 15 percent, and small tips are appreciated for hotel staff, taxi drivers and guides.
Do I need cash or can I use only cards?
It is best to carry some cash for small purchases, tips and transportation, but cards can be used for most expenses.
