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Shekelization - the use of the shekel as the standard currency for Israeli airfares - may finally be on its way.

It will be the main topic of discussion at a meeting today between a panel of managers of foreign airlines operating in Israel and the local representatives of the International Air Transport Association (IATA).

The technical side would be adding the shekel as a currency in the airline ticket clearing system used by IATA members.

Today, all Israeli aviation ticketing is done solely in dollars. There are countries, such as Bulgaria and Romania, that use their local currencies for airline ticketing, although they also have the option of using dollars. This would become the case in Israel if the change is approved.

Airlines could then choose to advertise and quote prices in shekels, as well as conduct all their business in the local currency.