Bucharim was founded in the early 1890s by immigrants from Buchara, Russia, who were wealthy and built large homes. Due to the Russian Revolution, the founding residents' source of funds was cut off. Eventually many Jews from Persia and Iran moved into the neighborhood and there are many historic synagogues in the area. As with the adjacent neighborhoods of Beit Yisroel, Meah Shearim, Geulah and Shmuel Hanavi, the residents are ultra-Orthodox.

$1 = ₪3.184

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