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1 Israel Pound
| Issuer | Bank Leumi Le-Israel B.M. |
|---|---|
| Year | 1952-1954 |
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| Reference(s) | P#20 |
| Obverse description | The face is composed of intricate guilloche patterns forming the decorative underprint, with the denomination and issuer name rendered in Hebrew script. The central text reads "One Israel Pound" and identifies the issuing institution, Bank Leumi Le-Israel B.M., with the numeral "1" appearing in the corners. The overall design is executed in a restrained, typographic style characteristic of early Israeli currency. |
|---|---|
| Obverse lettering | 1 בנק לאומי לישראל בע"מ ישלם למוכ"ז לירה ישראלית אחת הבנק יקבל השטר הזה לשלם תשלום בכל חשבון שהוא מטבע חוקית לתשלום כל סכום שהוא (Translation: Bank Leumi Le-Israel B.M. Will pay to the bearer One Israel Pound The bank will accept this note for payment in any account Legal tender for payment of any amount) |
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| Comments |
Bank Leumi Le-Israel B.M. — "National Bank of Israel Ltd." — was a commercial bank, not a central authority, yet it held the legal concession to issue currency in the early state years before the Bank of Israel was established in 1954. This note belongs to that transitional window, when the newly independent state had not yet built a central bank of its own and relied on an institution with roots in the Anglo-Palestine Bank of 1902.
The American Bank Note Company contract placed production in New York, a common arrangement for newly independent nations lacking domestic printing infrastructure. The series was retired when the Bank of Israel Act came into force and Leumi's note-issuing authority was formally extinguished.