1 Palestine Pound Provisional Issue

In May 1948, as the British Mandate ended and the State of Israel declared independence, the Anglo-Palestine Bank was authorized to issue currency as a stopgap before a central bank and new currency could be established. These notes were overprinted on existing Anglo-Palestine Bank stock — hence the designation "provisional." The window between political declaration and functional monetary infrastructure was narrow, and this issue filled it.

Circulation was brief. The Israeli pound and the Bank of Israel replaced this arrangement within a few years, making genuine circulated examples harder to find than uncirculated ones that never left storage.