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| 正面描述 | The face is covered with fine guilloche underprint work in a uniform colour field, with large '500' numerals at the left and right margins. The central and lower registers carry the full name of the issuing bank, 'The Anglo-Palestine Bank Limited', along with the promise-to-pay clause and legal tender inscription set in clean letterpress in both Hebrew and English. A guilloche border frames the entire composition. |
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| 背面铭文 | ٥٠٠ البنك الانجليزي الفلسطينى ليمتد خمسمئة ميل THE ANGLO-PALESTINE BANK LIMITED LEGAL TENDER FOR PAYMENT OF ANY AMOUNT THE ANGLO-PALESTINE BANK LIMITED WILL PAY TO THE BEARER FIVE HUNDRED MILS TEL-AVIV THE BANK WILL ACCEPT THIS NOTE FOR PAYMENT IN ANY ACCOUNT |
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The Anglo-Palestine Bank Limited was not a central bank — it was a commercial institution, incorporated in London in 1902 as a subsidiary of the Jewish Colonial Trust. Its authority to issue currency in Mandatory Palestine came from the British administration, and when the State of Israel was declared in May 1948, the bank continued issuing notes under its own name until the Bank of Israel was established. This note bridges that transitional moment directly.
The American Bank Note Company contract was a deliberate security choice — wartime disruption had made European printers less reliable, and ABNC's New York facility had long handled high-security work for governments without functioning central banks.