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2 Shillings - George V

Issuer Government of Malta
Year 1918
Type Standard circulation banknote
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Obverse description Green letterpress print on plain paper. A right-facing portrait vignette of King George V occupies the right portion, with the legal tender text and issuing authority legend arranged to the left. The denomination TWO SHILLINGS and date 20th November 1918 appear within the central text block.
Obverse lettering The Government of Malta
hereby declares this Note
TWO SHILLINGS
to be Legal Tender for payments
not exceeding £5
2/- 20th November 1918
COMMISSIONERS
OF CURRENCY
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Comments

Malta's wartime currency needs created an unusual administrative situation: the island remained under British military administration throughout WWI, yet circulating coinage had been severely disrupted by wartime shipping constraints. These small-denomination Treasury notes — issued by the colonial Government of Malta rather than any banking authority — were a direct stopgap, filling the void left by hoarded and exported silver.

De La Rue's involvement was routine for British colonial issues of the period, but the 1918 Malta series is notable for how quickly it became redundant. Coinage supplies stabilized before many notes had seen serious circulation, leaving a disproportionate number of unissued remainders.

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