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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 The 1 agora coin was withdrawn from circulation on April 1, 1991 by the Bank of Israel, [3] as was the 5 agorot coin on January 1, 2008; in each case the value had shrunk to much less than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.
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).
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
The money changers expelled by Jesus in the four canonical gospels are those who exchanged worshippers' baser common currency for such shekels. The “ 30 pieces of silver ” paid by the chief priests to Judas Iscariot in exchange for his betrayal of Jesus may be a reference to the Tyrian shekel.
Archaeologists found the hoard of about 160 of the coins during ongoing excavations in the Jordan Valley, which runs between the Israeli-occupied West Bank and the eastern border of Jordan.
Israel Coins and Medals Corp. is the body permitted by the Government of Israel to issue the official State Medals of Israel [1] and under an exclusive contract with the Bank of Israel, the corporation is the exclusive worldwide distributor of the commemorative coins and special banknote issues of the Bank of Israel. [2]
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