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50 Israel Pounds
| Issuer | Bank Leumi Le-Israel B.M. |
|---|---|
| Year | 1952-1954 |
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| Composition | Log in to see details |
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| Printer | American Bank Note Company, New York, United States |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 50 בנק לאומי לישראל בע"מ ישלם למוכ"ז חמשים לירות ישראליות הבנק יקבל השטר הזה לשלם תשלום בכל חשבון שהוא מטבע חוקית לתשלום כל סכום שהוא (Translation: Bank Leumi Le-Israel B.M. Will pay to the bearer Fifty Israel Pounds The bank will accept this note for payment in any account Legal tender for payment of any amount) |
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| Reverse lettering | ٥٠ بنك لئومي لإسرائيل م.ض خمسون جنيهًا اسرائيلية BANK LEUMI LE-ISRAEL B.M. WILL PAY TO THE BEARER FIFTY ISRAEL POUNDS LEGAL TENDER FOR PAYMENT OF ANY AMOUNT THE BANK WILL ACCEPT THIS NOTE FOR PAYMENT IN ANY ACCOUNT |
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| Comments |
Bank Leumi Le-Israel B.M. — the People's Bank, originally Anglo-Palestine Bank — was not a central bank but a commercial institution that briefly filled the issuing vacuum following Israeli independence in 1948. The State of Israel had no central bank until the Bank of Israel was established in 1954, so Bank Leumi held that function by default. This note belongs to the final years of that arrangement, issued under license from the government and denominated in the Israeli pound that had replaced the Palestine pound at par in 1952.
American Bank Note Company handled the print run, as it did for several other denominations in this series. At just over twelve million notes, the quantity was not insignificant — but the series was retired quickly once the Bank of Israel opened and began issuing its own currency in 1955.