Five Hundred Palestine Mils

FIVE HUNDRED MILS
BRITISH MANDATE BANKNOTE SERIES
Silver/999 ,5 grams

Britain conquered the Land of Israel, Palestine as it was then called, from the Ottoman authorities, in 1917, and British military rule over the Land began.
In 1926, the British Mandate set up the Palestine Currency Board which was to be responsible for the currency policies within the Mandatory boundaries. In 1927, the Board issued banknotes which were to serve as legal tender even after the mandatory period, when the State of Israel was established.
In respect of all three religions in the country, the banknotes were decorated with symbols and sites of significance to the Jews, Christians and Moslems – the
Tomb of Rachel, Dome of the Rock and White Tower. The reverse of the note was graced with a picture of the "Tower of David", a symbol of Jerusalem for all three religions.
The notes remained in circulation until August 1948 ,18, when they were exchanged for the Anglo-Palestine Bank currency.

Israel Coins and Medals Corp. is pleased and proud to introduce this unique series, which is to be the first of several series representing the historical banknotes once in circulation in the State of Israel.
Each of the banknotes in the series is produced in paper-thin, flexible pure silver with a weight of 5 grams, using innovative technology.