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The Israel 5 Lirot banknote from 1968, designated as P#34b, holds a special place in the history of Israel's currency and represents a crucial period in the nation's development. This banknote reflects Israel's identity, resilience, and economic progress during its early years as an independent state.
The obverse side of the banknote features a portrait of Zalman Shazar, who served as Israel's third President from 1963 to 1973. Shazar was not only a statesman but also a renowned writer and poet. His image on the banknote symbolizes the importance of culture and literature in Israel's national identity.
On the reverse side of the banknote, a scene depicting Israel's agricultural prowess is showcased. This image reflects the nation's commitment to self-sufficiency and its focus on agriculture as a cornerstone of its economy. The surrounding patterns and designs add to the note's artistic appeal.
The Israel 5 Lirot banknote was printed by the Government Printing Works in Jerusalem, a testament to Israel's ability to produce its own currency. This self-reliance in currency production was a significant step toward economic independence and stability for the young nation.
The mintage figures for the Israel 5 Lirot banknote are not readily available, but this denomination was part of Israel's broader effort to establish a stable and diverse currency system. Banknotes of various denominations were issued to meet the growing needs of the nation's economy and its expanding population.
The denomination of 5 Lirot signifies a more substantial unit of currency compared to the earlier Pruta-based system. This change in denominations aimed to simplify financial transactions and promote economic growth and stability in Israel.
The condition of the Israel 5 Lirot banknote is described as UNC, which stands for Uncirculated. This designation implies that the banknote is in a pristine state, showing no signs of wear or handling. UNC banknotes are highly desirable among collectors and numismatists due to their exceptional preservation and crispness.
An interesting fact about Israel is its remarkable journey from a newly established nation in 1948 to a thriving modern state. The development of its currency system, including banknotes like the 5 Lirot, played a pivotal role in Israel's economic growth and stability. Agriculture, depicted on the banknote's reverse, was a vital sector in the nation's early development.
In conclusion, the Israel 5 Lirot banknote from 1968, with its historical significance, iconic design, UNC condition, and tribute to Israel's cultural and agricultural heritage, stands as a testament to the nation's resilience and progress during its formative years as an independent state.