The pound or lira ( Hebrew : לירה ישראלית Lira Yisra'elit , Arabic : جنيه إسرائيلي Junayh ʾIsrāʾīlī ; abbreviation: IL in Latin , ל"י in Hebrew ; code ILP) was the currency of the 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 sterling . It was replaced by the shekel on 24 February 1980, at the rate of IS 1 = IL 10, which was in turn replaced by the new shekel in 1985.
16-629: (Redirected from Il ) [REDACTED] Look up il in Wiktionary, the free dictionary. IL or Il may refer to: Businesses and organizations [ edit ] Image-Line , a Belgian software company International League , Class Triple-A league in North American Minor League Baseball Ilyushin , a Russian aircraft manufacturer, whose aircraft are designated with "IL" Liberal Initiative ,
32-415: A Hanukkah theme. 1976—1979: aluminium 97%, magnesium 3% 1978—1979: aluminium 97%, magnesium 3% 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 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,
48-457: A controlled language of Neo Latin used as an auxiliary language - not to be confused with Interlingua de IALA (IA), a constructed language Biology, chemistry, and medicine [ edit ] Interleukin , a family of cytokines, in biochemistry Introgression line , in plant genetics Infralimbic prefrontal cortex nucleus Ionic liquid , in chemistry including pharmaceutics, and food science Computing [ edit ] .il ,
64-486: A list of injured baseball players Interleague play in Major League Baseball Other uses [ edit ] Il (Korean name) , including a list of people with the name Il ( Shugo Chara! ) , a character from the manga series Shugo Chara! by Peach-Pit International law IL (album) , a 2016 album of French-Canadian pianist and composer Jean-Michel Blais Ugaritic spelling of
80-754: A political party in Portugal Infinity Learn , Empowering Education, Illuminating Minds, Inspiring Learning, it is also stand for "IL" Places [ edit ] İl, the term for 'province' in Turkey, see Provinces of Turkey Il, Iran , a village in Mazandaran Province, Iran Israel ( ISO 3166-1 alpha-2 country code IL) Illinois (US postal abbreviation IL) Ilmenau , Thuringia, Germany (former vehicle plate code; newer plates use IK for Ilm-Kreis) Science and technology [ edit ] Interlingua de Peano ,
96-579: The Internet Top Level Domain (TLD) code for Israel Internet Link protocol , developed originally as part of Plan 9 from Bell Labs Insert Line (ANSI) , an ANSI X3.64 escape sequence Instruction list , an EC 61131-3 programming language Intermediate language , in computer science Common Intermediate Language , the compiled form of .NET code Common Language Infrastructure , originally named Microsoft Intermediate Language Sports [ edit ] Injured list ,
112-885: The Palestine Currency Board, established by the British authorities, and subject to the British Secretary of State for the Colonies , issued the Palestine pound (£P) which was legal tender in Mandate Palestine and Transjordan. £P1 was fixed at exactly £1 sterling . It was divided into 1,000 mils . The Mandate came to an end on 14 May 1948, but the Palestine pound continued in circulation until new currencies replaced it. In Israel,
128-669: The Palestine pound continued in circulation until the Israeli pound was adopted in 1952. The Israeli pound was subdivided into 1,000 prutot . The Israeli pound retained the Palestine pound's sterling peg. In August 1948, new banknotes were issued by the London-based Anglo-Palestine Bank , owned by the Jewish Agency . The new coins were the first to bear the new state's name, and the banknotes had "The Anglo-Palestine Bank Limited" written on them. While
144-673: 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 . 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. In 1963, IL 1 ⁄ 2 and IL 1 coins were introduced, followed by IL 5 coins in 1978. The IL 5 denomination had previously been used for non-circulating commemorative coins , including silver coins with
160-622: The currency name became: lira yisraelit ( לירה ישראלית ) in Hebrew, junayh ʾisrāʾīlī in Arabic, and Israeli pound in English. The new currency was issued in 1952, and entered circulation on June 9. From 1955, after the Bank of Israel was established and took over the duty of issuing banknotes , only the Hebrew name was used. The British Mandate of Palestine was created in 1918. In 1927
176-518: The deity El Il, king of Umma , a Sumerian king, circa 2400 BCE IL, one way to write the Roman numeral for 49 . IL, an abbreviation for the Israeli pound , the first currency of Israel Irish Language Topics referred to by the same term [REDACTED] This disambiguation page lists articles associated with the title IL . If an internal link led you here, you may wish to change
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#1732765786530192-589: The first coins minted by Israel were still denominated in "mils", 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 and became the Bank Leumi ( Hebrew : בנק לאומי "National Bank"). The peg to sterling was abolished on 1 January 1954, and in 1960, the subdivision of the pound
208-527: The link to point directly to the intended article. Retrieved from " https://en.wikipedia.org/w/index.php?title=IL&oldid=1244501286 " Category : Disambiguation pages Hidden categories: Short description is different from Wikidata All article disambiguation pages All disambiguation pages il">il The requested page title contains unsupported characters : ">". Return to Main Page . Israeli pound Before
224-515: The minister to decide on the date for the change. The law came into effect in February 1980, when the Israeli government introduced the 'Israeli shekel' (now called old Israeli shekel ), at a rate of IL 10 = IS 1. On 1 January 1986, the old shekel was replaced by the Israeli new shekel at a ratio of IS 1,000 : ₪ 1. Israel's first coins were aluminium 25 mil pieces, dated 1948 and 1949, which were issued in 1949 before
240-556: The new currency was brought in, the Anglo-Palestine Bank issued banknotes denominated in Palestine pounds. They were in Hebrew לירה א״י ( lira E.Y. i.e. lira Eretz-Yisraelit ) and Arabic junayh filisṭīnī ( جنيه فلسطيني ). 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
256-468: Was changed from 1,000 prutot to 100 agorot (singular agora , Hebrew : אגורה ,אגורות ). Because lira ( Hebrew : לִירָה ) was a loanword from Latin , a debate emerged in the 1960s over the name of the Israeli currency due to its non-Hebrew origins. This resulted in a law ordering the Minister of Finance to change the name from lira to the Hebrew name shekel ( Hebrew : שקל ). The law allowed
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