10 Palestine Pounds

The Anglo-Palestine Bank Limited was not a central bank but a commercial institution — yet between 1948 and the establishment of the Bank of Israel in 1954, it functioned as the de facto currency authority for the new state, issuing notes under a mandate framework that had already legally ceased to exist. The 10 Pound denomination was the highest value in this transitional series, printed by the American Bank Note Company at a moment when British Mandate currency was still in parallel circulation and the political status of the issuing entity was genuinely ambiguous under international law.

ABNC's involvement reflected the break from the previous Mandate-era notes, which had been printed in London. The shift to New York was a deliberate distancing from British institutional infrastructure.