Israeli agora

The Agora (Hebrew: אגורה, plural Agorot, אגורות ) is the lower unit of the currency of Israel, the New Israeli Shekel. 100 Agorot give a shekel. Earlier, the Israeli pound (1960 to 1980) and the old shekel (1980 to 1985) were already divided into 100 Agorot.

The currency name was introduced in 1960, when the Israeli pound was newly divided place in 1000 Pruta in 100 Agorot. The name was proposed by the Academy of the Hebrew language and comes from the Bible (1 Sam 2,36 EU), it refers to a piece of silver is called.

1980 replaced the Israeli shekel, the pound, in the ratio 10 pounds = 1 shekel. The new sub-unit was called " New Agora ", to distinguish it from the old. As early as 1985 the Israeli currency was reformed again. The New Israeli shekel replaced the old from the ratio of 1:1000. The name of Agora remained, but the addition of " new" was omitted to avoid confusion with the previous subunit.

Currently circulating coins of 10 and 50 Agorot, the 50 - Agorot coin, however, the words " New Shekel ½ " bears.

A 1- agora coin was up on 1 April 1991 in use, and a coin to 5 Agorot circulated until 1 January 2008. Nowadays, prices are rounded for cash to the nearest multiple of 10 Agorot.