Israel -  50 Lirot 1964 - Proof - Bank of Israel 10th Anniversary - Gold 916, 13.34g, 27mm In ...

Israel -  50 Lirot 1964 - Proof - Bank of Israel 10th Anniversary - Gold 916, 13.34g, 27mm In 1954 the economy of Israel began to stabilize and it was felt a national bank was needed. The bank was intended to administer monetary and credit policies within the scope of the Government's general economic policy, to issue currency, to administer State loans, to manage Israel's gold and foreign exchange Reverses and to represent the State in international financial institutions. The bank is headed by a Governor who acts as economic advisor to the Government. The bank was created by the Bank of Israel Law 1954. Obverse: The Israel State Emblem, a seven-branched Menorah between two olive branches joined at their base by the word "Israel" in Hebrew. Around the upper border, the face value "Fifty Israeli Lirot" in Hebrew, around the lower border, the word "Israel" in English and Arabic and mint year" 1964" with its equivalent in Hebrew letters (5725). Reverse: Upper right, a double cornucopia. Between the horns a pomegranate, with grains visible through a split in the rind. The right horn holds a barley-corn and the left a branch with an olive. All are ancient Hebrew portrayals of the Land's goodness. On the lower left, in four lines in Hebrew, the inscription 'Tenth Anniversary of the Bank of Israel".