Israel Official State Medal "Bank Leumi 75th Anniversary" 1977 Bronze Coin
(Not Sold to Public)
Description:
Bank Leumi is the successor to the Zionist "Anglo-Palestine Company" founded in 1902 which was known as APEC. The main function of APEC was to provide financial aid for the development of Eretz Israel. When the State of Israel was established the bank - then called The Anglo-Palestine Bank - served as a financial arm to the newly formed state. The provisional government signed an agreement with the bank entrusting it with the issuance of the national currency. The bank acted as the official banking agency for the government until the Bank of Israel was established in 1954. The bank's present name, Bank Leumi Le-Israel, dates from 1951. "Balal", as it is often called in short, is one of the two largest banking groups in Israel, frequently interchanging top position with Bank Hapoalim.
Obverse:
The obverse shows the bank's 75th Anniversary emblem, the dates being 5662-5732, 1902-1972. "Bank Leumi Le-lsrael B.M." appears in Hebrew and English.
Reverse:
On the reverse appears the biblical verse "Thy faithful house and country" (II Samuel 7:16) in Hebrew and English. On the left is a British Mandate 10 Mils coin, symbolizing the history of the bank, entwined with a computer reel and magnetic ribbon, symbols of the future.
Edge:
State emblem, STATE OF ISRAEL in Hebrew and English and Serial Number.
Metal: Bronze - Tombac Diameter: 59mm Weight: 98gm
Mintage: 29,974 medals
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