Israeli pound

Common card · No. 363507

The pound or lira (Hebrew: לירה ישראלית [Lira Yisra'elit]; Arabic: جنيه إسرائيلي [Junayh ʾIsrāʾīlī]; abbreviation: IL in Latin, ל״י in Hebrew; ISO 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. Before 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 the currency name became: lira yisraelit (לירה ישראלית) in Hebrew, junayh ʾisrāʾīlī in Arabic, and Israeli pound in English. The new currency was...

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