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Auction: 391 - World Banknotes at NY INC
Lot: 422

Palestine Currency Board, 500 Mils, Jerusalem, 20th April 1939, serial number J183038,
the Palestine Currency Board was established in London on 15th June 1926, with a significant milestone marked by the passage of the Palestine Currency Order of His Majesty in council on 7 February 1927. This order declared the Palestine pound as legal tender, equivalent in value to the British Pound, and it was divided into 1,000 mils.
On 1st November 1927 the banknotes issued by the Palestine Currency Board were introduced into circulation. Notably, these banknotes featured text in the three official languages of Palestine: Arabic, English, and Hebrew. This move was part of an effort to recognise and represent the diverse linguistic landscape of the region.
One notable example of the banknotes issued by the Palestine Currency Board is this 500 Mils note, printed in Jerusalem on the 20th of April 1939, with the serial number J183038. This particular note has been graded by PMG as 30 Very Fine.
Before the introduction of the Palestine pound, Egyptian notes served as legal tender in Palestine, continuing in this role until 31 March 1928. Additionally, British Treasury £1 notes and Bank of England £5 notes were recognised as legal tender in areas of Palestine that had been occupied by the British in 1918.
The issuance of banknotes by the Palestine Currency Board played a crucial role in unifying the currency system in Palestine, providing a stable medium of exchange. This historical development, alongside the subsequent circulation of notes in multiple languages and the unique details associated with individual notes, reflects the complex socio-linguistic and historical fabric of the region during the mandate period

(Pick 6c, BNB 101c), in PMG holder 30 Very Fine

Sold for
£750

Starting price
£600