5 Agorot Kibbutz Nir Eliyahu

Kibbutz scrip occupies an odd corner of Israeli notaphily — these tokens of internal exchange were legal within the kibbutz economy but held no value outside the fence. Nir Eliyahu, founded in 1950 in the Sharon Plain by Hungarian immigrants, issued its own fractional paper currency as part of a broader kibbutz practice of managing member allowances without using state currency internally.

The perforated edges are the detail worth noting: a deliberate anti-counterfeiting measure that also made separation from larger sheets clean and consistent, suggesting these were printed in quantity rather than produced ad hoc.