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Israeli shekel
Israel officially uses the Israeli shekel as the local currency. The shekel is divided into100 agorot.
Currency regime
The Israeli currency is managed on a trade-weighted basket against the major currencies with the dollar having most importance in the weightings. The Bank of Israel targets the inflation rate, but also takes into account the exchange rate. During 2005, the authorities free control of the shekel
Travellers cheques are preferred in US dollars.
Buy your holiday and travel currency - Buy online securely with extra convenience and get better tourist rates than at the banks.