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10 Palestine Pounds

Issuer Palestine Currency Board
Year 1927-1944
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Composition Paper
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Obverse description The obverse is dominated by a central vignette of the White Tower of Ramle (also known as the Tower of the Forty Martyrs and the White Mosque), rendered in fine intaglio engraving. The issuing authority 'Palestine Currency Board' is inscribed across the note, with the denomination expressed in three scripts — English, Hebrew, and Arabic — consistent with the multilingual policy of the Mandatory administration.
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Reverse description The reverse presents a central vignette of the Tower of David in Jerusalem, surrounded by intricate guilloche underprint patterns. The denomination is inscribed in English, Hebrew, and Arabic, with ornate lathe-work borders framing the entire composition.
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The Palestine Currency Board was not a bank — it had no monetary policy function whatsoever. Established under a 1927 British Mandate ordinance, it was a currency board in the strict sense: pound for pound, every note in circulation was backed by sterling assets held in London. The Palestinian pound was effectively a sterling surrogate, fixed at parity with no discretionary authority over supply.

At the high denomination end of the series, the 10 Pound note saw limited everyday use and survived in proportionally smaller numbers than the lower values. The board's dissolution came abruptly in 1948 with the end of the Mandate, leaving outstanding notes unredeemed by any successor authority after the June 1948 deadline.

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