50 Palestine Pounds

The Palestine Currency Board was established by British mandate ordinance in 1927 specifically to issue a currency pegged one-to-one with sterling, backed entirely by London-held securities rather than a local reserve. The 50 Pound denomination was the largest in the series — a sum that represented serious money in mandatory Palestine and would have moved through bank-to-bank transfers rather than ordinary commerce.

De La Rue produced all PCB notes from their London works throughout the mandate period. The series ran largely unchanged until 1939, when the outbreak of war complicated both supply and security, and the Board began contingency planning that would eventually shape the emergency issues of the early 1940s.