There is a wide choice for shoppers in Israel. Contrary to a widespread belief among visitors, bargaining is not usual in Israel except in the few Arab markets. There are also very animated Jewish markets (
shuks) of tremendous cultural diversity, notably the Carmel Market in Tel Aviv. The best place to buy food is at these outdoor markets; the produce is cheap and fresh.
Tourists benefit from a zero rate of VAT (a tax on transactions) on many goods and services. In addition, when buying from souvenir and specialist shops displaying a Ministry of Tourism sign, especially jewellers
and luxury good stores, it is possible to obtain a refund of VAT: when making your purchase, ask for a Tax Refund Invoice; then, when leaving the country, take the invoice to the tax refund desk at the airport or port for the VAT refund.
Shopping hoursSun-Fri 0800-1900; some shops close 1300-1600 and some early on Friday. Remember that Jewish-run stores close for Shabbat from Friday afternoon to Saturday evening, while Arabic stores close Friday. It takes a while to realise that Sunday is a normal working day unlike in Christian countries. For shoppers, Jewish stores are therefore open Friday, Arab markets Saturday and both are open Sunday when Christian stores close. Shops in hotels are often open until midnight.
Currency Information:CurrencyNew Shekel (ILS) = 100 agorot (singular, agora). Notes are in denominations of ILS200, 100, 50, and 20. Coins are in denominations of ILS100, 50, 10, 5 and 1, and 50 and 10 agorot.
Currency ExchangeForeign currency can only be exchanged at authorized banks, hotels and change shops. Change shops found in most cities charge no commission and equal the bank exchange rates. It is advisable to leave Israel with the minimum of Israeli currency. Payment in foreign currency exempts tourists from VAT on certain purchases and services, and is sometimes preferred by shop keepers.
Credit/Debit Cards and ATMsAll major credit cards are accepted. ATMs are widely available.
Traveller's ChequesThese are widely accepted. To avoid additional exchange rate charges, travelers are advised to take the traveller’s cheques in US Dollars.
Banking HoursSun-Fri 0830-1200 and Sun, Tues, Thurs 1600-1800.
Exchange Rate Indicators| Date | Apr 07 |
| £1.00= | ILS8.17 |
| $1.00= | ILS4.13 |
| €1.00= | ILS5.53 |
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