20 Lira Kibbutz Gvat

Kibbutz scrip occupies a peculiar niche in Israeli notaphily. Gvat, a kibbutz in the Jezreel Valley founded in 1926, issued internal currency for use within the communal settlement — a pragmatic solution to managing member purchasing at the kibbutz store without involving the national monetary system. These notes circulated only within the kibbutz gates and were redeemable solely against internal accounts.

The 1962 date places this issue during the period when many kibbutzim were still operating closed internal economies, before gradual privatization pressures eroded the communal model through the 1980s and 1990s. Survival rates are low — scrip was discarded once redeemed, and few members thought to keep it.