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10 Israel Pounds
| Issuer | Bank Leumi Le-Israel B.M. |
|---|---|
| Year | 1952-1954 |
| Type | Standard circulation banknote |
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|---|---|
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| Reverse description | The reverse mirrors the obverse in overall layout, with elaborate guilloche underprint work filling the field. The issuer name and denomination are rendered in both Arabic script and English, with the full legal tender text present in both languages. The parallel bilingual presentation reflects the multilingual character of the early Israeli state's currency. |
| Reverse lettering | ١٠ بنك لئومي لإسرائيل م.ض عشرة جنيهات اسرائيلية BANK LEUMI LE-ISRAEL B.M. WILL PAY TO THE BEARER TEN ISRAEL POUNDS LEGAL TENDER FOR PAYMENT OF ANY AMOUNT THE BANK WILL ACCEPT THIS NOTE FOR PAYMENT IN ANY ACCOUNT |
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| Comments |
Bank Leumi Le-Israel B.M. — literally "National Bank of Israel" — was a commercial bank, not a central authority, yet it functioned as Israel's de facto note-issuing institution in the years before the Bank of Israel was established in 1954. These notes were technically private bank obligations, a legally awkward arrangement the new state inherited from the Anglo-Palestine Bank structure and tolerated only as a transitional measure.
The American Bank Note Company contract placed production firmly in New York, a deliberate choice by a government with no domestic printing capacity and limited trust in regional alternatives. At over twelve million printed, this was not a scarce issue in origin — attrition from heavy circulation is what drives scarcity today.