Bidspirit auction | Israel - 50 Mils 1948

Israel - 50 Mils 1948 - PMG 65 EPQ - Prefix AA - In the early years of the State of Israel, there was a shortage of coins in the circulation of funds. The value of the metal Coin production was high and also the amounts of metal in the country were small since most of the metals were diverted For the manufacture of weapons and ammunition. It was therefore decided to print paper notes to be used as a substitute for coins. In 1948, banknotes were printed and issued in the design of a rug, which is why they are still called 'rugs'. Observe: Mosaic floor of the ancient synagogue in Beit Alfa; The words 'fifty miles' and 'Israel' in Hebrew and Arabic. Reverse: Mosaic floor of the ancient synagogue in Beit Alfa; The number '50 '. Watermark: None. Signatures: Finance Minister A. Kaplan. Number color: Black Dimensions: 80X50 mm SKU: KM # 6A