Chapter 6

PALESTINE CURRENCY
BOARD COUNTERFEIT NOTES

          The notes of the Palestine Currency Board were not ignored by the counterfeiters, and at the end of November 1927, only three weeks after their introduction into circulation, counterfeit notes were discovered.

The counterfeits fell into two main categories:

  • those forged by criminals, with criminal intent;
     
  • those forged as part of the war effort with two related issues of interest:-
     
    • counterfeiting attributed to members of the underground movements during the years 1946-47, as part of the struggle against the Mandatory government;
       
    • suspicion regarding apparent counterfeiting by German intelligence during WWII.

Counterfeit 1939 £P5 serial numbers with no prefix.

Counterfeit 1939 £P5 serial numbers with a prefix.

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