Everything you need to know
Israel Currency
Travelling to or living in Israel? Managing your money shouldn’t be stressful. With TransferGo, you can send, spend, and exchange money affordably — so more of your money goes where it matters.
Use the GoCard in Israel
Open a UK bank account with us and get a GoCard for smarter spending in Israel. Pay in local shops, use ATMs globally, and enjoy contactless payments—all with zero hidden fees. Everything is managed from the app. Available only to UK and EU residents.
What is the currency in Israel?
The official currency of Israel is the Israeli new shekel
The new shekel replaced the old Israeli shekel in 1985 after hyperinflation. It is issued by the Bank of Israel and subdivided into 100 agorot.
ILS, ₪
Banknotes
₪20
₪50
₪100
₪200
Coins
10
50 agorot
₪1
₪2
₪5
₪10
Popular Shekel pairings
A
B
C
D
E
F
G
H
I
J
K
L
M
N
O
P
Q
R
S
T
U
V
W
X
Z
How to spend money in Israel
Cards are widely accepted in cities like Tel Aviv, Jerusalem, and Haifa. Cash is still useful in smaller towns, local markets, and for public transport. Mobile payments are gaining traction. ATMs are readily available in urban centres.
Tips for exchanging money in Israel
Exchange at banks or authorised bureaux for fair rates.
Avoid airport kiosks and informal exchangers.
Always pay in shekels for best value.
Keep small notes for taxis, markets, and street food.
Choose smart tools like TransferGo to send and exchange money at transparent rates with no surprises.
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Frequently asked questions
What is the official currency used in Israel?
Israeli new shekel (ILS).
What is the official currency used in Israel?
Symbol: ₪ | Code: ILS
Can I use my home currency in Israel?
Not widely; payments are usually in ILS.
How can I use my GoCard in Israel?
Just activate it in the app and start spending—online or in stores.
Is it better to use cash or card when spending in Israel?
Cards are common in cities; cash is handy in smaller towns and markets.
Are credit or debit cards widely accepted in Israel?
Yes, in urban areas and larger businesses.
Are there ATMs available in Israel, and are there withdrawal limits?
Yes, mostly in cities; limits vary by bank.
Can I use a GoCard in Israel?
Yes! You can use your GoCard for spending, withdrawing, or managing your money—with fair rates and no hidden fees.