1 Pound National Bank

National Bank Limited was a privately chartered institution operating in Egypt under British occupation, and its notes circulated alongside — and in competition with — those of the National Bank of Egypt, which held the formal currency monopoly. The relationship between the two was frequently contentious, with the National Bank Limited occupying a legally ambiguous position that successive British administrators found inconvenient but tolerated for commercial reasons.

The P#209 series spans a twelve-year window that closes precisely at the outbreak of the First World War, after which Egyptian currency arrangements were reorganized under wartime emergency powers. Notes from the early end of this date range are considerably scarcer than those issued after 1908.