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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. All coins and banknotes issued in Israel before June 1952 were part of the Palestine pound. In 1960, coins were issued denominated in agora. There were 1, 5, 10 and 25 agorot pieces.
The Israeli pound (לירה ישראלית, "lira yisraelit") was the currency of the State of Israel from June 1952 until it was replaced with the shekel on 24 February 1980. From 1955, after the Bank of Israel was established and took over the duty of issuing banknotes , only the Hebrew name was used, along with the symbol "IL". [ 8 ]
Israeli currency may refer to these items: Israeli new shekel, used from 1985 to the present; Old Israeli shekel, used from 1980 to 1985; Israeli pound, used from 1948 to 1980; Shekel, used by the United Monarchy of Israel and the Kingdom of Israel, as well as during the Great Revolt
There are coins of 10 and 50 agorot, though the 50 agorot coin bears the inscription: "1 ⁄ 2 New Shekel". The 1 agora coin was withdrawn from circulation on April 1, 1991 by the Bank of Israel, [3] as was the 5 agorot coin on January 1, 2008; in each case the value had shrunk to much less than the cost of production.
With respect to property taxes, a "mil" is also slang for one million units of currency, especially as a rate expressed per mille "‰", as one million units of currency per milliard on the long scale of numeration, that is, 1,000,000 per 1,000,000,000 currency units of assessed valuation on all private property throughout the "mill yard" or ...
The first currency used in Israel was the Anglo Palestine Pound which was in use between 1948 - 1951 and that was followed by Bank Leumi Le Israel up until 1955 when it was replaced by the Lira.. The Lira was used up until 1980 when the Shekel was introduced and in 1985 as a result if high inflation they changed to the New Shekel which allowed ...
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In 1981, the value of Israeli currency continued to fall, reaching IS 15.60 per U.S. dollar at the end of the year. At the end of 1982, the exchange rate was IS 33.65 = US$1 and was falling still. The following shows the official exchange rate of one U.S. dollar in specific periods of time at the end of the period: June 1983: IS 47.52