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50 Lire Italian occupation WWII

Issuer Cassa Mediterranea di Credito per l'Egitto
Year 1942
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Value 50 Lire
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Reverse description The reverse is dominated by a fine arabesque guilloche underprint across the entire field, with the issuer name "CASSA MEDITERRANEA DI CREDITO PER L'EGITTO" and bilingual Arabic text repeated at centre. The denomination "Cinquanta LIRE EG." appears in large script at centre, with "50 LIRE EG." printed in the four corners. Serial numbers appear at upper left and upper right within the central panel.
Reverse lettering CASSA MEDITERRANEA DI CREDITO PER L'EGITTO
صندوق البحر المتوسط التسليفي لمصر
BUONO PER
Cinquanta
LIRE EG.
50 LIRE EG.
هذا السند بسوى خمسين جنيها مصريا
IL PRESENTE BUONO DEVE ESSERE ACCETTATO IN PAGAMENTO PER IL SUO VALORE NOMINALE
٥٠ جنيها مصريا
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Comments

The Cassa Mediterranea di Credito per l'Egitto was established by Mussolini's regime specifically to serve as a monetary authority in the event of a successful Italian conquest of Egypt. These notes were printed in Rome and held in readiness — they were never formally issued into circulation because the military campaign that would have required them collapsed at El Alamein in late 1942.

That unrealized ambition is precisely what makes P#M7 scarce in genuinely used condition. Essentially none circulated. Surviving examples come almost entirely from unissued stocks.

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