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The Israeli pound (לירה ישראלית, "lira yisraelit") was the currency of the State of Israel from June 1952 until it was replaced with the shekel on 24 February 1980. From 1955, after the Bank of Israel was established and took over the duty of issuing banknotes , only the Hebrew name was used, along with the symbol "IL". [ 8 ]
There are coins of 10 and 50 agorot, though the 50 agorot coin bears the inscription: "1 ⁄ 2 New Shekel". The 1 agora coin was withdrawn from circulation on April 1, 1991 by the Bank of Israel , [ 3 ] as was the 5 agorot coin on January 1, 2008; in each case the value had shrunk to much less than the cost of production.
Israeli currency may refer to these items: Israeli new shekel, used from 1985 to the present; Old Israeli shekel, used from 1980 to 1985; Israeli pound, used from 1948 to 1980; Shekel, used by the United Monarchy of Israel and the Kingdom of Israel, as well as during the Great Revolt
IS 1 coins were introduced in 1981; IS 5 and IS 10 coins in 1982; and IS 50 and IS 100 coins in 1984. [3] The 1 and 5 new agorot coins were aluminum; the 10 new agorot and IS 1 ⁄ 2, IS 1, and IS 100 coins cupronickel; the IS 5 and IS 50 coins an alloy of copper, aluminum, and nickel; and the IS 10 cupro-aluminum. [3]
The coins were conceived, in part, by Israeli graphic designer Otte Wallish. All coins and banknotes issued in Israel before June 1952 were part of the Palestine pound. In 1960, coins were issued denominated in agora. There were 1, 5, 10 and 25 agorot pieces. In 1963, IL 1 ⁄ 2 and IL 1 coins were introduced, followed by IL 5 coins in 1978.
A rare collection of ancient coins was discovered last week by Israeli researchers, who called the find an "archaeological Hanukkah miracle." The coins are more than 2,000 years old and believed ...
The old Israeli shekel, , in circulation between 1980 and 1985, had a different symbol, which was officially announced on 18 March 1980. [3] Before the introduction of the old shekel in 1980, there was no special symbol for the Israeli currency. It was a stylized Shin shaped like a cradle (i.e. rounded and opening upward).
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