Israeli pound

Israeli pound
לירה ישראלית (Hebrew) ليرة إسرائيلية (Arabic)
I£500 note (observe and reverse) issued in 1975
ISO 4217
Code	ILP
Denominations
Subunit
1/1000	pruta (1950–1960)
1/100	agora (1960–1980)
Plural	pounds (לירות lirot)
pruta (1950–1960)	agorot (אגורות)
agora (1960–1980)	prutot (פרוטות)
Symbol	ל"י or I£
Banknotes	I£5, I£10, I£50, I£100, I£500
Coins	1, 5, 10, 25 agorot, I£1/2, I£1, I£5
Demographics
User(s)	Israel (1952-1980)
Issuance
Central bank	Bank Leumi (1952-1955) Bank of Israel (1955-1980)
Valuation
Pegged with	British pounds (1952-1954)
Pegged by	I£1:£1
This infobox shows the latest status before this currency was rendered obsolete.

The Israeli pound (Hebrew: לירה ישראלית‎‎ Lira Yisr'elit, Arabic: ليرة إسرائيلية‎‎) or Israeli lira was the currency of the State of Israel from June 1952 until 23 February 1980, when it was replaced with the shekel on 24 February 1980, which was again replaced with the New Shekel in 1985.

Until 1952, the name used on the notes of the Anglo-Palestine Bank was Palestine pound, in Hebrew לירה א"י (lira E.Y. i.e. lira Eretz-Yisraelit). In Arabic, the name was given as junayh filisţīnī (جنيه فلسطيني).

In 1952, the Anglo-Palestine Bank changed its name to Bank Leumi Le-Yisrael (Israel National Bank) and the currency name became: lira yisraelit (לירה ישראלית) in Hebrew, junayh isrāīlī in Arabic, and Israel pound in English. 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 "I£".

The British Mandate of Palestine, which administered the territory now known as Israel, Jerusalem, the West Bank and Gaza prior to May 15, 1948, issued the Palestine pound, a currency equal in value and pegged to the UK Pound, which was divided into 1000 Mils. Banknotes in circulation were issued by the Palestine Currency Board, which was subject to the British Secretary of State for the Colonies.

Israel inherited the Palestine pound but, shortly after the establishment of the state, new banknotes were issued by the London-based Anglo-Palestine bank of the Zionist movement. The new coins were the first to bear the new state's name, while the banknotes said "The Anglo-Palestine Bank Limited". While the first coins minted by Israel still bore the name "mil", 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 changed its name to Bank Leumi (Hebrew: בנק לאומי‎‎ "National Bank"). The pegging to the UK Pound was abolished on January 1, 1954, and in 1960, the sub-division of the pound was changed from 1000 prutot to 100 agorot (singular agora Hebrew: אגורה ,אגורות‎‎).