Israeli agora explained

The Agora (; plural Agorot ;[1] Hebrew: אגורה, ., ) is a denomination of the currency of Israel. The Israeli currency – the Israeli new shekel (ILS)– is divided into 100 agorot.

History

The name agora refers to the subunits of three distinct Israeli currencies.

This name was used for the first time in 1960, when the Israeli government decided to change the subdivision of the Israeli pound (Hebrew: לירה, lira) from 1,000 prutah to 100 agorot due to the currency's depreciation.[2] The name was suggested by the Academy of the Hebrew Language, and was borrowed from the Hebrew Bible:

The term "piece of silver" appears in Hebrew as "agorat kessef".

In 1980 the Israeli pound was replaced by the shekel at a rate of IL10 per IS 1. The new subdivision of the shekel was named agora ẖadaša ("new agora"). There were 100 new agorot in 1 shekel. The high rate of inflation in Israel in the early 1980s forced the Israeli government to change the Israeli currency once again in 1985. The new shekel was introduced at a rate of 1000 S per 1 NS. The name agora was used once again for its subdivision. This time the term "new" was avoided, in order to prevent confusion with the older subdivision (the pre-1980 agora was long since out of circulation).Currently, the term agora refers to the 100th part of the new shekel. There are coins of 10 and 50 agorot, though the 50 agorot coin bears the inscription: " New Shekel".

The 1 agora coin was withdrawn from circulation on April 1, 1991 by the Bank of Israel,[3] as was the 5 agorot coin on January 1, 2008; in each case the value had shrunk to much less than the cost of production. Cash rounding has since been applied for purchases, such that the total price is now rounded to the nearest multiple of 10 agorot for payment in cash, but to 1 agora for payment by other means like payment cards or cheques.

Issues

Israeli pound

Image !! width="5%"rowspan=2
Value !Technical parametersDescription Date of
Diameter (mm)Mass (g)CompositionObverseReverseIssueWithdrawal
frameless1 agora201.03aluminium 97%, magnesium 3%Three ears of barley, "Israel" in Hebrew and ArabicValue, date01.01.196022.02.1980
frameless5 agorot17.52.30 (copper) 0.8 (alum.)1960—1975: copper 92%, aluminium 6%, nickel 2%1976—1979: aluminium 97%, magnesium 3%Three pomegranates, "Israel" in Hebrew and Arabic
frameless10 agorot21.54.15 (copper) 1.55 (alum.)1960—1977: copper 92%, aluminium 6%, nickel 2%1978—1979: aluminium 97%, magnesium 3%Palm tree, "Israel" in Hebrew and Arabic
frameless25 agorot25.56.5copper 92%, aluminium 6%, nickel 2%Kinnor (lyre-like musical instrument), "Israel" in Hebrew and Arabic
framelessIL24.56.8copper 75%, nickel 25%The state emblem, "Israel" in Hebrew, Arabic and English12.09.196331.03.1984

Old Israeli shekel

Old shekel coins
Image Value Technical parametersDescription Date of
Diameter (mm)Mass (g)CompositionObverseReverseIssueWithdrawal
150.6aluminium 97%, magnesium 3%Palm tree, "Israel" in Hebrew and ArabicValue, date24.02.1980
04.09.1986
5 new agorot18.50.9The state emblem, "Israel" in Hebrew, Arabic and English
162.1copper 92%, nickel 8%Three pomegranates, the state emblem, "Israel" in Hebrew, Arabic and English
IS203copper 75%, nickel 25%Lion, the state emblem, "Israel" in Hebrew, Arabic and EnglishValue, date, two stars

Israeli new shekel

New shekel coin series
Image Value Technical parameters Description Date of
Diameter Thickness Mass Composition Edge Obverse Reverse Issue Withdrawal
250px17 mm1.2 mm2 gAluminium bronze
92% copper
6% aluminium
2% nickel
PlainAncient galley, the state emblem, "Israel" in Hebrew, Arabic and EnglishValue, date4 September 19851 April 1991
250px5 agorot19.5 mm1.3 mm3 gReplica of a coin from the fourth year of the war of the Jews against Rome depicting a lulav between two etrogim, the state emblem, "Israel" in Hebrew, Arabic and English1 January 2008
250px/₪22 mm1.5 mm4 gReplica of a coin issued by Antigonus II Mattathias with the seven-branched candelabrum, the state emblem, "Israel" in Hebrew, Arabic and EnglishCurrent
250px26 mm1.6 mm6.5 gLyre, the state emblemValue, date, "Israel" in Hebrew, Arabic and English

See also

External links

Notes and References

  1. Book: The Chambers Dictionary. Chambers. 2003. 0-550-10105-5. 9th. agora.
  2. Banknotes and Coins of Israel: 1927–2006, Yigal Arkin, Bank of Israel, Currency Dept., 2006, p.91
  3. The Numismatist, American Numismatic Association, 1993, p.886