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Encyclopedia > Israeli pound
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1 lira coin (19719) from World Coin Gallery.

The Israeli pound (Hebrew: לירה ישראלית Lira Yisraelit) became the currency of Israel shortly after the creation of the state in 1948 and was abolished in 1980 when it was replaced by the (old) Sheqel. 1 Israeli Pound coin (1971–9), from World Coin Gallery File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... 1 Israeli Pound coin (1971–9), from World Coin Gallery File history Legend: (cur) = this is the current file, (del) = delete this old version, (rev) = revert to this old version. ... 1971 is a common year starting on Friday (click for link to calendar). ... 1979 is a common year starting on Monday. ... The Modern Hebrew language is a Semitic language of the Afro-Asiatic language family. ... 1948 is a leap year starting on Thursday (link will take you to calendar). ... 1980 is a leap year starting on Tuesday. ...


The British Mandate of Palestine, which administrated the territory now known as Israel prior to May 15, 1948, issued the Palestinian Pound — a currency equal in value and pegged to the UK Pound, which was divided into 1000 Mils. Most banknotes in circulation were issued by the Palestine Currency Board, but the Anglo-Palestine bank of the Zionist movement issued banknotes of its own bearing the same values and similar in shape. Map of the territory under the British Mandate of Palestine. ... May 15 is the 135th day of the year in the Gregorian Calendar (136th in leap years). ... 1948 is a leap year starting on Thursday (link will take you to calendar). ... The pound sterling, which strictly speaking refers to basic currency unit of sterling, now the pound, can generally refer to the currency of the United Kingdom (UK). ... Zionism is a political movement among Jews, although supported by some non-Jews and not supported by some Jews, which maintains that the Jewish people constitute a nation and are entitled to a national homeland. ...


Israel inherited the Palestinian Pound, but shortly after the establishment of the state, new banknotes and coins were issued, bearing the name of the new state. On these banknotes the term Lira replaced the Pound, and the Hebrew name pruta replaced the Mil. The pegging to the UK Pound was abolished within several years and, in 1960, the sub-division of the IP was changed from 1000 prutot to 100 agorot per 1 IP. The Modern Hebrew language is a Semitic language of the Afro-Asiatic language family. ... 1960 was a leap year starting on Friday (link will take you to calendar). ... currency of Israel. ...


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 Lira into a Hebrew name: Sheqel (שקל). The law allowed the minister to decide on a proper date for the change. This article provides extensive lists of events and significant personalities of the 1960s. ...


The law didn't come into affect until February 1980, when the Israeli government decided to change the monetary system and introduce the sheqel at the rate of 10 pounds for 1 sheqel. The high rate of inflation during that time forced the Israeli government to change the currency again in 1985, when the New sheqel was issued at a rate of 1000 old sheqalim for 1 new sheqel. 1980 is a leap year starting on Tuesday. ... 1985 is a common year starting on Tuesday of the Gregorian calendar. ... 1 sheqel coin (1994–5). ...


  Results from FactBites:
 
Israeli Pound - definition of Israeli Pound in Encyclopedia (340 words)
The Israeli Pound (local name: Lira Yisraelit) became the currency of Israel shortly after the creation of the state in 1948 and was abolished in 1980 when it was replaced by the (old) Sheqel.
The pegging to the UK Pound was abolished within several years and, in 1960, the sub-division of the IP was changed from 1000 Prutot to 100 Agorot per 1 IP.
The high rate of inflation during that time forced the Israeli government to change the currency again in 1985, when the New Sheqel was issued at a rate of 1000 old sheqalim for 1 new sheqel.
  More results at FactBites »

 
 

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