Catalog
5 Palestine Pounds
| Issuer | Anglo-Palestine Bank Limited |
|---|---|
| Year | 1948-1952 |
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| Currency | Palestine Pound (1948-1949) |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 5 בנק אנגלו-פלשתינה בע`מ תל-אביב ישלם למוכ`ז חמש לירות א`י הבנק יקבל השטר הזה לשלם תשלום בכל חשבון שהוא THE ANGLO-PALESTINE BANK LIMITED WILL PAY TO THE BEARER FIVE PALESTINE POUNDS TEL-AVIV LEGAL TENDER FOR PAYMENT OF ANY AMOUNT מטבע חוקית לתשלום כל סכום שהוא THE BANK WILL ACCEPT THIS NOTE FOR PAYMENT IN ANY ACCOUNT |
| Reverse description | The reverse mirrors the obverse layout with dense guilloche underprint work forming the background. Inscriptions appear in Arabic and English, stating the denomination "Five Palestine Pounds" and the issuing bank's name, with the legal tender clause and the bank's payment undertaking rendered in both languages in parallel text columns. |
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| Comments |
The Anglo-Palestine Bank Limited occupied an unusual position: a commercial institution pressed into the role of currency issuer because Mandatory Palestine had no independent central bank. When the Palestine Currency Board ceased operations following partition in 1948, the Bank stepped in to fill the vacuum — issuing these notes under its own name before the Bank of Israel was formally established and took over in 1954.
The ABNC printing contract meant the notes were produced in New York throughout the entire issue period, never in the region where they circulated. P#16 is catalogued with a date range rather than a single year because notes were released progressively as stocks were needed, not in a single emission.