The Bank of Israel was established in December 1954, and this 1955 series was among its first independent emissions — replacing the notes previously issued under the Anglo-Palestine Bank. De La Rue handled the printing, as they did for a considerable number of newly independent states during the 1950s seeking internationally credible currency production.
The watermark security was modest by the standards of the period, reflecting budget constraints on a young central bank building its monetary infrastructure from scratch. Pick 25 is the lowest denomination in the inaugural series.
The Bank of Israel was established in December 1954, and this 1955 series was among its first independent emissions — replacing the notes previously issued under the Anglo-Palestine Bank. De La Rue handled the printing, as they did for a considerable number of newly independent states during the 1950s seeking internationally credible currency production.
The watermark security was modest by the standards of the period, reflecting budget constraints on a young central bank building its monetary infrastructure from scratch. Pick 25 is the lowest denomination in the inaugural series.