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The reason $18.00, or a multiple of 18 is so often given is because in Judaism, 18 is a very significant number.

18 means "Chai", in Hebrew, which in English, means "Life".

Hope this helps!

Clarification:

In Hebrew, each letter of the alphabet has a numerical value. The letters that make up the word 'chai', which means life, have the value of 18. 18 doesn't actually mean 'chai'.

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Q: What is the significance of a gift of 18.00 to the Bar Mitzvah candidate?
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