Israeli pound
The Israeli pound (also lira , plural lirot , Hebrew לירה ישראלית) was the currency of Israel from 1948 to 1980 .
history
As part of the British Mandate over Palestine , through which the territory of present-day Israel was administered by Great Britain until 1948, the Palestinian pound was created as the currency for the region ; This currency was pegged to the British pound at a ratio of 1: 1 and was divided into 1000 mills . Banknotes were issued by the Palestinian Currency Board, which was subordinate to the British Secretary of State for the Colonies.
Israel took over the Palestinian pound, but shortly after the founding of the state, new banknotes were issued by the Anglo-Palestine Bank, based in London. The new coins bore the name of the newly founded state. The banknotes, however, were labeled "The Anglo-Palestine Bank Limited"; the currency was English “Palestine pound”, Hebrew לירה א״י ( Lira EY . i.e. Lira Eretz-Yisraelit ) and Arabic جنيه فلسطيني ( Dschunayh Filistīnī ).
In 1952, the Anglo-Palestine Bank changed its name to Bank Leumi Le-Jisrael (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 issue of banknotes, only the Hebrew name was used, together with the symbol "I £" (Hebrew ל״י).
The pound was initially divided into 1000 mils, but from 1949 into 1000 prutot and from 1960 into 100 agorot . The peg to the British pound was lifted on January 1, 1954.
During the 1960s, a debate over the non-Hebrew currency name led to a law instructing the Treasury Secretary to replace the name of the pound with a Hebrew name, shekel (שקל). The law allowed the minister to determine the date of the change. It was not implemented until February 1980, when the government decided to convert the currency and introduced the shekel with an exchange rate of 1 shekel = 10 pounds.
Coins
Israel's first coins were 25 mil aluminum coins, born in 1948 and 1949, issued in 1949, before the introduction of the pruta . Later that year coins were issued in denominations of 1, 5, 10, 25, 50, 100 and 250 Pruta. A coin of 500 pruta was minted but never issued.
In 1960 coins were issued in the new sub-unit Agora . They were 1, 5, 10 and 25 agorot. In 1963 ½ and 1 pound coins were added, followed by a 5 pound coin in 1978.
Banknotes
Between 1948 and 1951, the Anglo-Palestine Bank issued 500 mil, 1, 5, 10 and 50 pound notes. In 1952 notes of the Israeli government came out, namely for 50 and 100 mils (already printed in 1948), as well as for 50 and 100 pruta; In 1953 a note was added to 250 Pruta. Also in 1952, 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 began issuing notes in 1955, also with 500 pruta, 1, 5, 10 and 50 pound notes. In 1968, 100 pound notes were added, and in 1975 an additional 500 pound notes.
swell
- ↑ http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=1&series_name=Anglo%20Palestine%20Bank%20Series&pg_name=p002&pg_kot=ONE%20PALESTINE%20POUND
- ↑ http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=2&series_name=Bank%20Leumi%20Le-Israel%20Series&pg_name=p007&pg_kot=ONE%20ISRAELI%20POUND
- ↑ http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=4&series_name=First%20Series%20of%20the%20Pound&pg_name=p012&pg_kot=ONE%20ISRAELI%20POUND