The pruta was introduced shortly after the establishment of the state of Israel, as the 1000th part of the Israeli pound.

The Pruta was abolished in 1960 when the Israeli government decided to change the subdivision of the Israeli pound into 100 agorot.

This pruta should not be confused with the halachic pruta, which is the minimal value of money for a variety of halachic applications.

The lowest fiscal amount a Jewish court, or Beth Din, can convene to adjudicate a case over is a shova pruta (value of a Babylonian pruta coin).