The Israeli currency is the Shekel (NIS). 1NIS currently equals 29 cents USD, and 22 pence GBP. While this sounds like a good rate, your hard earned money can disappear in Tel Aviv quicker than you’d think. From renting an apartment to buying drinks at a bar, Tel Aviv can do serious damage to your bank balance. The cost of living is so high, in fact, that it’s becoming increasingly difficult for young Israelis to live there, with many moving out to the suburbs.
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