Editing Israeli new shekel (section)

=== Israeli pound (1952–1980) ===
{{Main|Israeli pound}}
The Israeli pound ({{lang|he|לירה ישראלית|rtl=yes}}, {{lang|he-Latn|lira yisraelit}}) was the currency of the State of [[Israel]] from June 1952 until it was replaced with the [[Old Israeli shekel|shekel]] on 24 February 1980. From 1955, after the [[Bank of Israel]] was established and took over the duty of issuing [[banknote]]s, only the Hebrew name was used, along with the symbol "IL".<ref>{{citation |publisher=[[Bank of Israel]] |place=IL |title=First Series of the Pound |url=http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=4&series_name=First%20Series%20of%20the%20Pound&pg_name=p012&pg_kot=ONE%20ISRAELI%20POUND |archive-url=https://web.archive.org/web/20070927002117/http://www.bankisrael.gov.il/catal/eng/bill_all_eng.htm?series_num=4&series_name=First%20Series%20of%20the%20Pound&pg_name=p012&pg_kot=ONE%20ISRAELI%20POUND |url-status=dead |archive-date=27 September 2007 }}</ref> The pegging to [[Pound sterling|sterling]] was abandoned on 1 January 1954, and in 1960, the sub-division of the Israeli pound was changed from 1,000 {{lang|he-Latn|[[Israeli pruta|prutot]]}} to 100 {{lang|he-Latn|[[Israeli agora|agorot]]}}.

Because {{lang|he-Latn|lira}} ({{langx|he|לִירָה}}) was a loanword from [[Latin language|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 {{lang|he-Latn|lira}} to the Hebrew name {{lang|he-Latn|[[shekel]]}} ({{langx|he|שקל}}). The law allowed 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 IL10 = IS&nbsp;1.