5 Palestine Pounds

5 Palestine Pounds -  obverse5 Palestine Pounds -  reverse

© aaronmgd 2020 (CC BY-NC-SA)

Features

Issuer Israel
Issuing bank Anglo-Palestine Bank Limited
Period State of Israel (1948-date)
Type Standard banknote
Years 1948-1952
Value 5 Palestine Pounds
Currency Palestine Pound (1948-1949)
Composition Paper
Size 105 × 68 mm
Shape Rectangular
Demonetized 23 June 1952
Number N# 207999
Numista type number (https://en.numista.com/help/what-is-the-n-number-visible-in-the-catalogue-33.html)
References P# 16
Tracy L. Schmidt (editor); 2019. Standard Catalog of World Paper Money. Modern issues 1961-present (25th edition). Krause Publications, Iola, Wisconsin, United States.
And 2 more volumes.

Obverse

Guilloches; the denomination "Five Palestine Pounds" and "The Anglo-Palestine Bank Limited" in Hebrew and English.​

Lettering:
5
בנק אנגלו-פלשתינה בע"מ

תל-אביב

ישלם למוכ"ז
חמש לירות א"י
הבנק יקבל השטר הזה לשלם תשלום בכל חשבון שהוא

THE ANGLO-PALESTINE BANK LIMITED
WILL PAY TO THE BEARER
FIVE 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

Engraver: American Bank Note Company

Reverse

Guilloches; the denomination "Five Palestine Pounds" and "The Anglo-Palestine Bank Limited" in Arabic and English.​

Lettering:
٥
البنك الانجلو فلسطينى المحدود
خمسة جنيهات فلسطينيّة

THE ANGLO-PALESTINE BANK LIMITED
WILL PAY TO THE BEARER
FIVE PALESTINE POUNDS
TEL-AVIV

LEGAL TENDER FOR PAYMENT OF ANY AMOUNT
THE BANK WILL ACCEPT THIS NOTE FOR PAYMENT IN ANY ACCOUNT

Engraver: American Bank Note Company

Comments

The Anglo-Palestine Bank Limited
1948
1 Palestine Pound = 1000 Mils



Date of issue:  18 August 1948

Signatures:  Eliezer (Siegfried) Hoofien, Chairman of the Board; Aharon Barth, General Manager

Color of serial numbering: Black

---------------------------------

Other Information:
When the leaders of the Yishuv (the Jewish community in British Mandatory Palestine) were engaged in establishing the new State, one of the matters they had to deal with was its currency. As the name of the new nation had not been decided, the question arose as to what would be printed on the banknotes. The banknotes could not be printed in this country as the British Mandate had not yet expired, and also for lack of the required technical expertise. At the same time it was clear that no reputable foreign firm would print money for a nonexistent state. After considerable effort, Siegfried Hoofien, then Chairman of the Board of the Anglo-Palestine Bank, persuaded the American Banknote Company of New York to print the banknotes. To obviate the need for State Department approval for printing banknotes of a foreign country, the notes as ordered gave no indication of their being legal tender. The legend "Legal tender for payment of any amount" was subsequently overprinted. In addition, the company stipulated that its name should not appear on the notes. The design of the banknotes was based on different combinations of guilloches in the company's stock, some of which were used for printing banknotes for China! When the banknotes were ordered, no one yet knew what the name of the new state would be, let alone its currency. It was therefore decided to print "Palestine Pound" on the notes, the currency of the mandate.
The banknotes reached this country secretly in July 1948. On August 17 the government passed a law declaring the notes legal tender, and they were put into circulation on the following day.

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Date VG F VF XF AU UNC
ND (1948-1952)  Undated

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