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Chanukah Gelt

Question

Why do we give money to children on Chanukah?

Answer

It was customary to give coins to children to induce them to study (Maimonides’ Mishnah commentary on Sanhedrin Ch.10). Giving coins to children on Chanukah is therefore appropriate, because Chanukah commemorates our victory over the Syrians, who had forbidden the study of Torah.