Israeli lira
The Israeli pound (also lira, plural Lirot, Hebrew לירה ישראלית ) was from 1948 to 1980 the currency of Israel.
History
As part of the British Mandate over Palestine, by the territory of the present-day Israel was governed until 1948 by Great Britain, the Palestinian pound was created as a currency for the region; This currency was tied to the British pound at a 1:1 ratio and was divided into 1000 mils. Banknotes were issued by the Palestinian Currency Board, which was under the British Secretary of State for the Colonies.
Israel took over the Palestinian pound, but shortly after the founding of new banknotes were issued by the Anglo-Palestine Bank, based in London. The new coins bore the name of the new state. The bills, however, bore the inscription "The Anglo-Palestine Bank Limited "; The currency name was English "Palestine pound ", Hebrew לירה א"י ( Lira Lira EY ie Eretz - Jisraelit ) and Arabic جنيه فلسطيني ( Dschunayh Filistini ).
1952, the Anglo-Palestine Bank changed its name to Bank Leumi Le - Yisrael ( Israeli National Bank) and the currency name was לירה ישראלית ( Lira Jisraelit ) in Hebrew, جنيه إسرائيلي ( Dschunayh Isrāīlī ) in Arabic and "Israel pound " in English. From 1955, after the Bank of Israel was founded and took over the issuance of banknotes, the Hebrew name was only used together with the symbol " I £ " (Hebrew ל"י ).
The pound was initially subdivided into 1000 Mils, from 1949, however in 1000 and 1960 in 100 Prutot Agorot. The attachment to the British pound was abolished on January 1, 1954.
During the 1960s, a debate over the non- Hebrew name of currency led to a law that instructed the Minister of Finance, the name of the pound by a Hebrew name, shekels ( שקל ) to replace. The Act allowed the Minister to determine the date of the change. It was only in February 1980 it was implemented when the government decided a currency conversion and the shekel introduced with the exchange rate 1 shekel = 10 pounds.
Israel first coins were 25 mil aluminum pieces with the vintages 1948 and 1949, which in 1949 issued before the introduction of the Pruta. Later that year, coins were issued 25, 50, 100 and 250 Pruta in the values of 1, 5, 10. A coin to 500 Pruta was coined, but never issued.
1960 coins were issued in the new subunit Agora. There they were 1, 5, 10 and 25 Agorot. 1963 coins were added to ½ and 1 pound, followed by a 5 -pound coin in 1978.
Bills
Between 1948 and 1951, the Anglo-Palestine Bank banknotes to 500 mils, 1, 5, 10 and 50 pound spent. 1952 marks came out of the Israeli government, namely 50 and 100 mils ( printed in 1948 ), as well as 50 and 100 Pruta; 1953, one note at 250 Pruta it. Also in 1952, the Bank Leumi issued banknotes, in the same denominations as the Anglo-Palestine Bank, except that the 500 Mils note was replaced by a 500 - Pruta note.
The Bank of Israel started in 1955 with the note issue, also with notes to 500 Pruta, 1, 5, 10 and 50 pounds. 1968 were 100 - pound notes to 1975 an additional 500 - pound notes.