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50 Piastres Palestine Saving Bond
| Issuer | Higher Nile Valley Authority for the Rescue of Palestine |
|---|---|
| Year | 1948 |
| Type | Vouchers |
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| Obverse description | Green letterpress vignette on cream paper with an ornate geometric guilloche border. A circular portrait of King Farouk of Egypt appears at upper right, flanked by two medallions bearing the denomination '50 قش'. A large red circular official seal is applied at left centre, with Arabic inscriptions in banner cartouches across the upper field. Two manuscript signatures appear at lower centre, with a detachable counterfoil stub at left joined by a perforated line. |
|---|---|
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| Reverse description | Entirely unprinted plain cream paper on both the main bond and the detachable counterfoil stub, with no vignette, text, or ornamental work. |
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| Comments |
The Higher Nile Valley Authority for the Rescue of Palestine was one of several pan-Arab civilian fundraising bodies that emerged in 1948 to support the Arab side during the first Arab-Israeli war. These saving bond certificates were not currency — they were subscription instruments, sold to the Egyptian public as a form of financial solidarity, with nominal repayment terms that were almost certainly never honored in any systematic way.
The large format was typical of bond certificates rather than circulating notes, which is worth noting for cataloging purposes — this belongs with war scrip and charitable paper, not standard banknote runs.