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10 Palestine Pounds Provisional Issue

Issuer Anglo-Palestine Bank Limited
Year 1948
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Reference(s) P#4
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Obverse lettering בנק אנגלו-פלשתינה בערבון מוגבל
THE ANGLO-PALESTINE BANK LIMITED
بنك الانجلو فلسطين محدود الضمان
PAY TO BEARER
שלם למוכ״ז / ارقم الحامل
עשר לירות ארץ-ישראליות
TEN PALESTINE POUNDS
عشرة جنيهات فلسطينية
בפקודת ההנהלה
בנק אנגלו-פלשתינה בערבון מוגבל
תל-אביב, י״ד אייר תש״ח
14 מאי 1948
Reverse description Plain reverse bearing a ghost impression of the obverse text visible as a mirror image through the thin paper, with no distinct printed design elements. The overall appearance is off-white with faint show-through lettering, consistent with the uniface nature of this provisional emergency issue.
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The Anglo-Palestine Bank issued this provisional note in 1948 under extraordinary circumstances: the British Mandate was collapsing, the State of Israel had not yet formally established a central bank, and the new government needed a functioning currency within days. The Anglo-Palestine Bank — a commercial institution, not a central bank — was pressed into service as a temporary issuing authority, essentially printing a national currency by necessity rather than design.

The "provisional" designation is literal. These notes were overprinted or adapted from existing bank stock to serve an entire new state's monetary needs until the Bank of Israel opened in 1954. Survival rates vary sharply by denomination; the higher values saw less circulation but were also printed in smaller quantities.

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