The currency used in Jerusalem is the New Israeli Shekel (NIS), commonly referred to as the shekel.
Understanding the New Israeli Shekel (NIS)
As the capital and largest city in Israel, Jerusalem utilizes the national currency, the New Israeli Shekel, abbreviated as NIS or ILS. This modern and widely accepted currency is essential for all transactions within the city, from purchasing souvenirs in the Old City markets to dining in contemporary restaurants.
Key Aspects of the Israeli Shekel
- Official Name: New Israeli Shekel
- Symbol: ₪ (or often written as NIS)
- ISO Code: ILS
- Subdivision: One shekel is divided into 100 agurot (singular: agura).
Denominations in Circulation
The Israeli currency system includes both banknotes and coins, designed to facilitate a wide range of transactions. Understanding these denominations is crucial for visitors and residents alike.
Banknotes
Israeli banknotes feature prominent figures from Israeli history and culture, making them not only functional but also educational. They are available in four distinct denominations:
| Denomination | Color Scheme | Key Figure |
|---|---|---|
| 20 NIS | Red/Orange | Rachel the Poetess (Rachel Bluwstein) |
| 50 NIS | Green | Shaul Tchernichovsky |
| 100 NIS | Yellow/Orange | Leah Goldberg |
| 200 NIS | Blue | Nathan Alterman |
(Note: Designs may vary slightly with new series releases from the Bank of Israel.)
Coins
Coins in Israel are used for smaller transactions and are essential for everyday purchases. The current series includes five denominations:
| Denomination | Description |
|---|---|
| 10 Agurot | Smallest coin value |
| 50 Agurot | Half-shekel coin |
| 1 NIS | One shekel coin |
| 5 NIS | Five shekel coin |
| 10 NIS | Ten shekel coin |
Practical Tips for Currency Exchange and Usage in Jerusalem
For visitors to Jerusalem, managing your money efficiently can enhance your experience. Here are some practical insights:
- Currency Exchange: You can exchange major foreign currencies (like USD, EUR, GBP) for NIS at banks, certified exchange offices, and many hotels throughout Jerusalem. Exchange rates can vary, so it's wise to compare.
- ATMs: Automated Teller Machines (ATMs) are widely available across Jerusalem and accept most international debit and credit cards (Visa, MasterCard, Maestro, Plus, Cirrus). It's often convenient to withdraw NIS directly, but be aware of potential foreign transaction fees from your bank.
- Credit Cards: Major credit cards are extensively accepted in hotels, larger stores, restaurants, and tourist attractions. However, smaller shops, market stalls (especially in the Old City), and some local eateries may prefer or only accept cash.
- Tipping: Tipping practices in Israel are similar to many Western countries. It's customary to tip around 10-15% for good service in restaurants. Taxi drivers typically do not expect a tip, but rounding up the fare is common.
- Digital Payments: While less ubiquitous than credit cards, some establishments may accept digital payment methods, though cash and card remain dominant.
Understanding the New Israeli Shekel ensures smooth transactions and helps you fully enjoy your time exploring the rich history and vibrant culture of Jerusalem. For more detailed information on Israeli currency, you can visit the official Bank of Israel website.
