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| Issuer | Bank Leumi Le-Israel B.M. |
|---|---|
| Year | 1952-1954 |
| Type | Standard circulation banknote |
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| Obverse description | The face is dominated by an intricate guilloche underprint framing the central panel. The denomination "500 Prutah" is inscribed in Hebrew numerals and text, accompanied by the issuing institution name "Bank Leumi Le-Israel B.M." in Hebrew script. A declaration of legal tender and promise-to-pay clause in Hebrew is rendered in fine letterpress across the note. |
|---|---|
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| Reverse lettering | ٥٠٠ بنك لئومي لإسرائيل م.ض خمسمائة بروطه BANK LEUMI LE-ISRAEL B.M. WILL PAY TO THE BEARER Five Hundred Prutah LEGAL TENDER FOR PAYMENT OF ANY AMOUNT THE BANK WILL ACCEPT THIS NOTE FOR PAYMENT IN ANY ACCOUNT |
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| Comments |
Bank Leumi Le-Israel B.M. — originally founded as the Anglo-Palestine Bank in 1902 — was not a central bank but a commercial institution pressed into quasi-governmental monetary functions before the Bank of Israel was established in 1954. This note belongs to the transitional "Prutah" series, denominated in a currency that had replaced the Palestine Pound mil-for-mil in 1949 and would itself be swept aside by the Lira in 1952 at 1,000 Prutot to the Pound.
The American Bank Note Company contract reflects Israel's limited domestic printing capacity in its early years. ABNC's involvement was practical necessity, not prestige.