Israel - 500 Mils 1948 - Anglo Paletine - PMG 58 EPQ - No Prefix When the State of Israel was established ...

Israel - 500 Mils 1948 - Anglo Paletine - PMG 58 EPQ - No Prefix When the State of Israel was established, it was decided for several reasons not to print a large quantity of banknotes, and therefore, the initial printing, which took place on April 26, 1948, at its current value, included 1,500,000 banknotes. 1,000,000 banknotes without prefix and 500,000 with prefix A. The banknote offered for sale is from the first print of the State of Israel. The Anglo Palestine Banknote Series is the first official series of the State of Israel. The banknotes were issued by the Bank of Anglo-Palestine on paper stamped with colored dots as a means of preventing counterfeiting. Due to the short time left until the declaration of the state, the banknotes were printed on engravings with decorations that were generally prepared for printing Chinese banknotes. Since the banknotes were printed before the establishment of the state, the names of the state and its currency were not yet known, and therefore the name of the State of Israel does not appear on the banknotes at all. The English Pound was chosen as the currency type. Observe: security drawings; the words "500 miles" and "Anglo-Palestine Bank Ltd." In Hebrew and English. Reverse: security drawings; The words "500 miles" and "Bank of Anglo-Palestine Ltd." in Arabic and English. Watermark: None. Signatures: Hopin - Bart Prefix: None Color Number: Red Dimensions: 148X72 mm Condition: AU SKU: KM # 14A