Paper Money Tokens - Palestine / Eretz Israel - Lot of 33 Paper Money Tokens

Paper Money Tokens - Palestine / Eretz Israel - Lot of 33 Paper Money Tokens Due to a chronic shortage of small change, and in order to facilitate trade and daily transactions, various institutions, cooperatives, factories, and private businesses issued value tokens, payment vouchers, deposit certificates, promissory notes, and trade coupons, which functioned in practice as alternative currency. These forms of payment were often redeemable for cash or goods and services – sometimes only within a specific community or organization – and became an essential part of the evolving local economy. The use of such instruments reflected the spirit of initiative and economic independence that characterized the Jewish community in Palestine, and the aspiration to establish a self-sustained Hebrew financial system even before the birth of the State of Israel and its national currency.