Israeli Lira
1960
Hebrew year: 5720 (ה׳תש״כ)
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The Israeli lira (Israeli pound) became the state's currency in 1952, divided into 1,000 prutot. In 1960 it was re-divided into 100 agorot, a decimal simplification that retired the tiny pruta. The Academy of the Hebrew Language chose the word agora from 1 Samuel 2:36, where the descendants of the priest Eli will come begging "for a piece of silver" (agorat kesef), continuing the practice of reviving biblical money words for modern use.
The lira itself kept a foreign name, from the Latin libra, and a later law ordered it replaced with the Hebrew sheqel. The agora survived every later reform: the sheqel of 1980 was divided into 100 new agorot, and the new Israeli sheqel of 1985 still uses agorot today.
- Hebrew year
- 5720 (ה׳תש״כ)
- Category
- Coins & currency
- Part of
- State of Israel
At the same time
David Ben-Gurion1955 – 1963
President Yitzhak Ben-Zvi16 Dec 1952 – 23 Apr 1963
Moshe Dayan1915 – 1981
Yigael Yadin1917 – 1984
S. Y. Agnon1888 – 1970
Rabbi Menachem Mendel Schneerson1902 – 1994
Rabbi Joseph B. Soloveitchik1903 – 1993
Rabbi Ovadia Yosef1920 – 2013
Eli Cohen1924 – 1965