Agorot definitions
| Word backwards | toroga |
|---|---|
| Part of speech | noun |
| Syllabic division | a-go-rot |
| Plural | The plural of agorot is also agorot. |
| Total letters | 6 |
| Vogais (2) | a,o |
| Consonants (3) | g,r,t |
Agorot: Exploring the Israeli Currency
When discussing the currency of Israel, one may come across the term "agorot." What exactly are agorot, and how are they used in the Israeli monetary system? In this article, we will delve into the details of agorot, shedding light on their significance and value in the world of currency.
Understanding Agorot
Agorot are the fractional currency units used in Israel. One agora is equivalent to one hundredth of a shekel, which is the primary unit of currency in Israel. While the shekel is the main currency used in daily transactions, agorot come into play for smaller denominations, much like cents in the US dollar system.
History of Agorot
The term "agora" has its roots in ancient Greek coinage, where it denoted the smallest unit of currency. In Israel, agorot were introduced as a means to facilitate transactions involving smaller amounts of money. They have been in circulation since the establishment of the State of Israel in 1948.
Usage and Value
Today, agorot are primarily used in cash transactions for amounts less than one shekel. They are available in denominations of 10, 5, 1, and 0.5 agorot. While electronic transactions and digital payments have become more prevalent, cash transactions still require the use of agorot for exact change.
Collecting Agorot
For numismatists and coin collectors, agorot hold a unique appeal. Due to their historical significance and limited usage, collecting agorot can be an intriguing hobby. Some collectors seek out rare or unique agorot coins to add to their collections.
Overall, agorot play a vital role in the Israeli currency system, offering a practical solution for smaller transactions. Whether used in daily purchases or collected as artifacts, agorot remain an essential part of Israel's monetary landscape.
Agorot Examples
- I paid for the coffee with a few agorot coins.
- The shopkeeper returned my change in agorot.
- The value of the item was just a few agorot.
- I found some old agorot in a drawer at home.
- A handful of agorot jingled in my pocket.
- The total came up to only a couple of agorot.
- I exchanged my shekels for agorot at the bank.
- The beggar was grateful for the few agorot I gave.
- A small pile of agorot collected at the bottom of my bag.
- I used agorot to pay for the bus fare.