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The ISRAELI POUND (Hebrew : לירה ישראלית‎‎ Lira Yisr'elit, Arabic : ليرة إسرائيلية‎‎) or ISRAELI LIRA was the currency of the State of Israel
Israel
from June 1952 until 23 February 1980, when it was replaced with the shekel on 24 February 1980, which was again replaced with the New Shekel
Shekel
in 1985.

Until 1952, the name used on the notes of the Anglo-Palestine Bank was Palestine pound , in Hebrew לירה א"י (lira E.Y. i.e. lira Eretz-Yisraelit). In Arabic , the name was given as junayh filisţīnī (جنيه فلسطيني).

In 1952, the Anglo-Palestine Bank changed its name to Bank Leumi Le-Yisrael ( Israel
Israel
National Bank) and the currency name became: lira yisraelit (לירה ישראלית) in Hebrew, junayh isrāīlī in Arabic, and Israel
Israel
pound in English. From 1955, after the Bank of Israel
Israel
was established and took over the duty of issuing banknotes , only the Hebrew name was used, along with the symbol "I£".

CONTENTS

* 1 History * 2 Coins

* 3 Banknotes

* 3.1 Bank Leumi Series (1952) * 3.2 First Series of the Pound (1955) * 3.3 Second Series of the Pound (1959) * 3.4 Third Series of the Pound (1970) * 3.5 Fourth Series of the Pound (1975)

* 4 Features for the blind * 5 See also * 6 References * 7 Footnotes * 8 External links

HISTORY

Palestine pound note, 1929

The British Mandate of Palestine , which administered the territory now known as Israel, Jerusalem, the West Bank and Gaza prior to May 15, 1948, issued the Palestine pound , a currency equal in value and pegged to the UK Pound , which was divided into 1000 Mils. Banknotes in circulation were issued by the Palestine Currency
Currency
Board, which was subject to the British Secretary of State for the Colonies .

Israel
Israel
inherited the Palestine pound but, shortly after the establishment of the state, new banknotes were issued by the London-based Anglo-Palestine bank of the Zionist movement . The new coins were the first to bear the new state's name, while the banknotes said "The Anglo-Palestine Bank Limited". While the first coins minted by Israel
Israel
still bore the name "mil", the next ones bore the Hebrew name prutah (Hebrew : פרוטה‎‎). A second series of banknotes was issued after the Anglo-Palestine Bank moved its headquarters to Tel Aviv
Tel Aviv
and changed its name to Bank Leumi (Hebrew : בנק לאומי‎‎ "National Bank"). The pegging to the UK Pound was abolished on January 1, 1954, and in 1960, the sub-division of the pound was changed from 1000 prutot to 100 agorot (singular agora Hebrew : אגורה ,אגורות‎‎).

During the 1960s, a debate over the non-Hebrew name of the Israeli currency resulted in a law ordering the Minister of Finance to change the name pound into a Hebrew name, Shekel
Shekel
(שקל). The law allowed the minister to decide on a proper date for the change. The law did not come into effect until February 1980, when the Israeli government decided to change the monetary system and introduce the shekel at a rate of 1 shekel = 10 lirot.

COINS

Israel's first coins were aluminium 25 mil pieces, dated 1948 and 1949, which were issued in 1949 before the adoption of the pruta. Later in 1949, coins were issued in denominations of 1, 5, 10, 25, 50, 100 and 250 prutah . The coins were conceived, in part, by Israeli graphic designer Otte Wallish .

In 1960, coins were issued denominated in agora. There were 1, 5, 10 and 25 agorot pieces. In 1963, 1/2 and 1 pound coins were introduced, followed by 5 lirot coins in 1978.

BANKNOTES

In 1948, the government issued fractional notes for 50 and 100 mils. The Anglo-Palestine Bank issued banknotes for 500 mils, 1, 5, 10 and 50 lirot (pounds) between 1948 and 1951. In 1952, the government issued a second series of fractional notes for 50 and 100 prutah with 250 prutah notes added in 1953. Also in 1952, the "Bank Leumi Le-Israel" took over paper money production and issued the same denominations as the Anglo-Palestine Bank except that the 500 mils was replaced by a 500 prutah note.

The Bank of Israel
Israel
began note production in 1955, also issuing notes for 500 pruta, 1, 5, 10 and 50 lirot. In 1968, 100 lirot notes were introduced, followed by 500 lirot notes in 1975.

BANK LEUMI SERIES (1952)

VALUE SIZE COLOR IMAGE ISSUED WITHDRAWN

500 prutot 148X72 mm Olive green - blue

9 June 1952 7 February 1961

1 pound 150X75 mm Green-Pink

5 pounds 155X80 mm Red-brown

10 pounds 155X80 mm Gray-pink

50 pounds 160X85 mm Brown-green

FIRST SERIES OF THE POUND (1955)

VALUE SIZE COLOR OBSERVE REVERSE IMAGE ISSUE WITHDRAW

500p 130X72 mm red Bar\'am National Park Abstract painting

4 August 1955 31 March 1984

I£1 135X72 mm blue View of Upper Galilee Abstract painting

27 October 1955

I£5 140X78 mm brown Negev
Negev
landscape, a settlement and farm equipment Abstract painting

27 October 1955

I£10 150X82 mm green Valley View and cultivated fields Abstract painting

4 August 1955

I£50 160X87 mm blue Road to Jerusalem Abstract painting

19 September 1957

SECOND SERIES OF THE POUND (1959)

VALUE SIZE COLOR OBSERVE REVERSE IMAGE ISSUE WITHDRAW

I£1/2 130X70 mm green A Nahal
Nahal
with a basket of oranges Tombs of the Sanhedrin

15 October 1959 31 March 1984

I£1 135X75 mm blue A fisherman, a bay in background Mosaic art in Isfiya

I£5 140X78 mm brown Worker holding a hammer on a background plant Figure stamp featuring a roaring lion, which is located in Tel Megiddo

I£10 150X82 mm purple A scientist in a laboratory Isaiah scroll, a section of the Dead Sea Scrolls
Dead Sea Scrolls

I£50 178X93 mm brown Pioneers in an agricultural settlement in the Negev
Negev
Menorah from the Maon Synagogue

9 December1960

THIRD SERIES OF THE POUND (1970)

VALUE SIZE COLOR OBSERVE REVERSE IMAGE ISSUE WITHDRAW

I£5 150X75 mm blue Albert Einstein
Albert Einstein
Soreq Nuclear Research Center

13 January 1972 31 March 1984

I£10 160X82 mm Yellow-ivory Hayim Nahman Bialik Bialik House

6 August 1970

I£50 170X84 mm Brown-red Chaim Weizmann Knesset

13 January 1972

I£100 180X90 mm blue Theodor Herzl
Theodor Herzl
State emblem surrounded by symbols of the tribes of Israel
Israel

27 February 1969

FOURTH SERIES OF THE POUND (1975)

VALUE SIZE COLOR OBSERVE REVERSE IMAGE ISSUE WITHDRAW

I£5 128X76 mm brown Henrietta Szold with Hadassah Hospital on Mount Scopus
Mount Scopus
Lions\' Gate

11 March 1976 31 March 1984

I£10 135X76 mm Pink-Purple Moses Montefiore
Moses Montefiore
with Mishkenot Sha\'ananim in background Jaffa Gate

30 January 1975

I£50 141X76 mm green Chaim Weizmann , Weizmann Institute of Science in background Damascus Gate

26 January 1978

I£100 147X71 mm blue Theodor Herzl
Theodor Herzl
, entrance to Mount Herzl in background Zion Gate

14 March 1975

I£500 153X76 mm Ivory-Brown David Ben-Gurion at the library in Sde Boker Golden Gate

SEE ALSO

* Bank of Israel
Israel
* Economy of Israel
Israel
* Paul Kor

REFERENCES

* Krause, Chester L.; Clifford Mishler (1991). Standard Catalog of World Coins : 1801–1991 (18th ed.). Krause Publications. ISBN 0873411501 . * Pick, Albert (1994). Standard Catalog of World Paper Money : General Issues. Colin R. Bruce II and Neil Shafer (editors) (7th ed.). Krause Publications. ISBN 0-87341-207-9 .

FOOTNOTES

* ^ One Palestine Pound, IL: Bank of Israel, archived from the original on April 27, 2006 * ^ One Israeli Pound, IL: Bank of Israel, archived from the original on 2007-09-27 * ^ First Series of the Pound, IL: Bank Le-Israel, archived from the original on 2007-09-27 * ^ One Palestine Pound, IL: Bank of Israel
Israel
- Anglo Palestine Bank Series * ^ One Israeli Pound, IL: Bank of Israel
Israel
- Le- Israel
Israel
Series * ^ First Series of the Pound, IL: Bank of Israel
Israel
- First Series of the Pound

EXTERNAL LINKS

Wikimedia Commons has media related to ISRAELI LIRA .

* Bank of Israel
Israel
catalogue of Israeli currency