The State of Israel’s currency is the New Israel Shekel (NIS) or shekel for short (plural: as shkalim in Hebrew, shekels in English). There are 100 agorot (singular: agora) to a shekel. Bank notes are in denominations of NIS 20, 50, 100, and 200; coins are in denominations of NIS 10, NIS 5, NIS 2 NIS 1 and 50 and 10 agorot.

Changing Money

Unlimited sums of local and foreign money may be brought into Israel as cash, travelers’ checks, credit cards or State of Israel bonds. There is no need to declare sums under NIS 100,000 in cash. Foreign currency of all kinds may be exchanged at the airport, banks, post offices, most hotels or licensed exchange agencies in large cities. A passport is required when exchanging travelers’ checks. The rates vary from place to place, and banks charge a commission. It is recommended to carry a small amount of US dollars, since certain tourist sites, especially in the Old City of Jerusalem, take payment in dollars. More information is available here.

Cash Withdraeal

Holders of international credit cards can withdraw local or foreign currency at banks that accept their credit cards. There are automated teller machines outside many banks.