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01.11.14
Tel Aviv
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Money & Currency

If you are traveling to Tel Aviv, Israel, you definitely need to know what to do for your monetary needs. Just to help you out, we listed some things to know and what to look out for:

Money

The currency used in Israel is the New Israel Shekel (NIS).

  • There are 100 agorot in each shekel.
  • Bank notes are in denominations of NIS 20, 50, 100, and 200;
  • coins are in denominations of 10, 5, 2 1  NIS and 50 and 10  agorot.

Change

If you’re traveling from another country, you can go to the Ben-Gurion airport to exchange other types of international currency for shekels. But you can bring large sums of foreign money into Israel as cash, travelers’ checks, credit cards or State of Israel bonds.

Just in case, look at the currencies you can use to purchase goods.

Exchange stores in the centre of Tel-Aviv:
 
  1. "Change Spot" - Dizengoff 140
  2. "Change Stop" - Ben Yehuda 1
  3. "Change Center" - Dizengoff 50
  4. "Moneynet Dan" - HaYarkon 99
  5. Post Office

Banks, ATMs and Credit Cards

  • Most banks are open from 8:30 am until 12 noon Sunday to Thursday, and 4–6pm on Sunday, Tuesday and Thursday.
  • On Fridays and Jewish holiday eves, banks are open from 8:30 am until 12 noon.
  • All banks are closed on Shabbat.

Tipping

This is at your discretion. According to TIME.com, a 10 percent tip is typical at Israeli restaurants. Usually cabbies don’t expect to get a tip and it’s okay to give a bell boy a $2 or $3 tip.