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1 Palestine Pound
| Issuer | Anglo-Palestine Bank Limited |
|---|---|
| Year | 1948-1952 |
| Type | Log in to see details |
| Value | Log in to see details |
| Currency | Log in to see details |
| Composition | Log in to see details |
| Size | 150 × 75 mm |
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| Obverse description | Log in to see details |
|---|---|
| Obverse lettering | 1 בנק אנגלו-פלשתינה בע`מ תל-אביב ישלם למוכ`ז לירה א`י אחת הבנק יקבל השטר הזה לשלם תשלום בכל חשבון שהוא THE ANGLO-PALESTINE BANK LIMITED WILL PAY TO THE BEARER ONE PALESTINE POUND 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 | ١ البنك الانجلو فلسطينى المحدود THE ANGLO-PALESTINE BANK LIMITED LEGAL TENDER FOR PAYMENT OF ANY AMOUNT THE ANGLO-PALESTINE BANK LIMITED WILL PAY TO THE BEARER ONE PALESTINE POUND TEL-AVIV THE BANK WILL ACCEPT THIS NOTE FOR PAYMENT IN ANY ACCOUNT |
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| Comments |
The Anglo-Palestine Bank issued this note under a peculiar legal fiction: it was a commercial bank, not a central bank, yet it functioned as the sole currency authority for the new State of Israel from May 1948 until the Bank of Israel was established in 1954. The Palestine Pound designation was retained even after the state declared independence, purely to maintain monetary continuity during a period when establishing a sovereign currency would have created immediate economic disruption.
The ABNC printing contract predated independence — plates were commissioned while the outcome of the British Mandate was still uncertain. Notes from this series circulated alongside the Israeli Pound after 1952 at a fixed parity.