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5 Lirot Negev Industrialization
| Issuer | Bank of Israel |
|---|---|
| Year | 1962 |
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| Currency | Pound (1949-1960) |
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|---|---|
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| Reverse description | The right portion of the field features a tall industrial structure — a stylized factory tower or derrick with a latticed framework — rendered in a geometric, modernist relief. To the left, the large numeral '5' dominates the upper field, followed by the Hebrew denomination legend in two lines. In the lower left, the country name appears in Hebrew and Arabic, below which the Hebrew year and the Gregorian year 1962 are inscribed. |
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| Reverse lettering | 5 לירות ישראליות ישראל اسرائيل התשכ׳ב 1962 (Translation: 5 Israeli Lirot Israel 5722 1962) |
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| Additional information |
Israel's early statehood period saw the government deliberately use commemorative coinage as soft diplomacy — these issues circulated internationally among diaspora communities and sympathetic collectors as much as domestically. The Negev industrialization program they celebrate was tied directly to the development corridor linking Beersheba to Eilat, a project that consumed a significant portion of the young state's infrastructure budget through the late 1950s and early 1960s.
Struck at the Utrecht Mint in the Netherlands, which handled the majority of Israeli commemorative production during this period before Israel developed sufficient domestic minting capacity.