Israeli Shekel for Japanese yen at Wasabi Exchange  in Osaka Japan

We can even exchange old banknotes, or banknotes that are dirty, torn, or have scribble on them, which other stores won't accept.

※Attention※

Depending on the condition of the banknote (dirt, tears, scribble, etc.), the rate may be reduced or we may not be able to purchase it at all.

When exchanging Israeli shekels, current banknotes are exchanged at the displayed rate x 100%, but please inquire about other old notes and bills.

Area:

22,000 square kilometers (roughly the size of Shikoku in Japan)

Population:

Approximately 9.9 million people

Capital:

Jerusalem (approximately 980,000 people)

GDP:

Approximately $509.9 billion

Price increase rate:

4.2%

Unemployment rate:

3.0%

Trivia:

 As the old shekel became expensive due to the inflation, the Israeli government carried out a denomination (changing the currency unit to solve the problem of economic activity being hindered when the number of digits in the currency amount becomes large due to inflation, etc.) on September 4, 1985, making 1,000 old shekels 1 new shekel.

The economy stagnated due to the second intifada that occurred in September 2000 and the slowdown of the US economy, but since 2003, exports have been strong, especially in the high-tech and information and communications fields, due to improved competitiveness due to the stable low exchange rate of the domestic currency against the dollar and the improvement of the business environment due to the end of the Iraq War, and in 2007, it recorded growth of over 5% for four consecutive years for the first time since the founding of the country.

After that, the economic growth rate temporarily declined due to the impact of the global economic slowdown triggered by the financial instability in the US, but it quickly returned to a growth path in the second half of 2009. Although the growth rate turned negative in 2020 due to the COVID-19 pandemic, it returned to positive growth of 8.2% in 2021, and is in a solid economic situation.

In 2023, despite the worsening situation in Gaza since October, it achieved positive growth of 2.0%.

The economy continues to grow mainly in the high-tech and information and communications sectors and the diamond industry, which are backed by advanced technological capabilities, and the industrial structure is basically export-oriented.

Until now, the country has not been blessed with energy and mineral resources, except for bromine produced around the Dead Sea, but in recent years, large-scale natural gas fields have been developed within its exclusive economic zone, and production began in some areas in 2013.

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