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1 Pound Partisan Propaganda

Issuer British Political Warfare Executive (PWE)
Year 1944
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In circulation to Yes
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Obverse lettering Bank of England
I Promise to pay the Bearer
on Demand the sum of
One Pound
LONDON
For the Govr. and Compa. of the
BANK of ENGLAND
Mi Vam Donosimo Slobodu
(Translation: We Bring You Freedom)
Reverse description The reverse, printed in black and red on plain paper, bears a detailed outline map of Italy and the Adriatic coast with Allied and partisan flags marking advancing front lines, alongside a photographic vignette of a pointing hand. Propaganda text in Serbian/Croatian script occupies the right half, printed in alternating red cursive and black letterpress.
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Comments

The Political Warfare Executive produced this counterfeit British pound during the Second World War as a psychological warfare instrument — not for financial disruption but for distribution behind enemy lines as anti-German propaganda. The reverse carried printed text exposing Nazi economic exploitation of occupied territories, making the notes less forgeries in the criminal sense and more deliberate leaflets dressed as currency.

Walter Monckton Keesey had direct access to genuine Bank of England notes for reference, which gave the imitation a credibility that pure fabrication could not have achieved. The PWE coordinated with SOE networks for physical distribution, often airdropped in bulk over occupied Europe.

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