Lot #246
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Israel - 5 Pounds 1948 - Anglo Palestine - PMG 30 - Punch hole cancelled...
Israel – 5 Pounds 1948 – Anglo Palestine – PMG 30 – Punch hole cancelled – Prefix A
Three years after the establishment of the State of Israel, the government decided to print a new series of banknotes, the "Bank Leumi" series, and at the same time allocated the public a short time of nearly two weeks to replace "Anglo-Palestine" banknotes with "Bank Leumi" banknotes. All this by clearing 10% of the value of the note (a person who brought a 10 pound bill received 9 pounds in return), due to the little time citizens had to exchange the bills and despite the high commission, there were very long queues to replace them. The banknote in front of you is one of the banknotes that were handed over, loosened to prevent an engine from returning to circulation, but the banknote was not destroyed, as are almost all of the canceled banknotes. Hard to find.