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The pound or lira ( [''Lira Yisra'elit'']; [''Junayh ʾIsrāʾīlī'']; abbreviation: IL in Latin alphabet, Latin, ל"י in Hebrew script, Hebrew; ISO 4217, ISO code: ) was the currency of the Israel, State of Israel from 9 June 1952 until 23 February 1980. The Israeli pound replaced the Palestine pound and was initially pegged at par to £1 pound sterling, sterling. It was replaced by the Old Israeli shekel, shekel on 24 February 1980, at the rate of IS 1 = IL 10, which was in turn replaced by the Israeli new shekel, new shekel in 1985. Before the new currency was brought in, the Anglo-Palestine Bank issued banknotes denominated in Palestine pounds. They were in Hebrew (''lira E.Y.'' i.e. ''lira Eretz-Yisraelit'') and Arabic language, Arabic ''junayh filisṭīnī'' (). On 1 May 1951, all the assets and liabilities of the Anglo Palestine Bank were transferred to a new company called Bank Leumi Le-Yisrael (Israel National Bank) and the currency name became: ''lir ...
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Bank Leumi
Bank Leumi (, lit. ''National Bank''; ) is an Israeli bank. It was founded on February 27, 1902, in Jaffa as the ''Anglo Palestine Company'' as subsidiary of the Jewish Colonial Trust () Limited formed before in London by members of the Zionism, Zionist movement to promote the industry, construction, agriculture, and infrastructure of the land hoped to ultimately become Israel. Today, Bank Leumi is Israel's largest bank (by total assets as of 2015), with overseas offices in Luxembourg, US, Switzerland, the UK, Mexico, Uruguay, Romania, Jersey, and China. Though nationalized in 1981, now Bank Leumi is mainly in private hands, with the government as the largest single shareholder, with 14.8% of the stock, The other major shareholders are Shlomo Eliyahu and Barnea Investments, which each hold 10% of the stock, constituting the control core of the bank. Sixty percent of the bank's stocks are held by the public and traded on the Tel Aviv Stock Exchange. History The antecedents of ...
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