The Israeli lira was the currency used in Israel until it was replaced by the shekel in 1986. It was also known by several other names, such as the Israeli pound or simply the lira. Other commonly used words to describe the Israeli lira include the Israeli currency or the Israeli monetary unit. Additionally, some older Israelis may refer to the lira as the shalom, which was the name of the banknotes used prior to the lira's introduction in 1952. Despite being replaced by the shekel, the Israeli lira remains a part of Israel's history and culture.