Catalog
50 Palestine Pounds
| Issuer | Anglo-Palestine Bank Limited |
|---|---|
| Year | 1948-1952 |
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| Composition | Log in to see details |
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| In circulation to | Log in to see details |
| Reference(s) | P#18 |
| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 50 בנק אנגלו-פלשתינה בע`מ תל-אביב ישלם למוכ`ז חמשים לירות א`י הבנק יקבל השטר הזה לשלם תשלום בכל חשבון שהוא THE ANGLO-PALESTINE BANK LIMITED WILL PAY TO THE BEARER FIFTY 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 | Log in to see details |
| Reverse lettering | ٥٠ البنك الانجلو فلسطينى المحدود خمسون ليرة أرض اسرائيل THE ANGLO-PALESTINE BANK LIMITED WILL PAY TO THE BEARER FIFTY PALESTINE POUNDS TEL-AVIV LEGAL TENDER FOR PAYMENT OF ANY AMOUNT THE BANK WILL ACCEPT THIS NOTE FOR PAYMENT IN ANY ACCOUNT |
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| Comments |
The Anglo-Palestine Bank Limited was a commercial institution, not a central bank — yet it found itself issuing currency for the nascent State of Israel after the British Mandate collapsed in May 1948 and the Palestine pound became an immediate political liability. These notes were a stopgap, issued under emergency authorization while the Bank of Israel was being established and a new currency, the Israeli pound, prepared for introduction.
The 50-pound denomination was the highest in the series, and at that value saw little street circulation. The ABNC printing is characteristically fine, but the real interest here is juridical: notes of this type were legal tender under two successive governing authorities within their short window of issue.