1948, Israel (Tel-Aviv), Lot of 1 Notes, 50 Mils, 1948. Paper currency issued by the Tel Aviv municipality in September 1948 as a means of payment to its suppliers and as a form of tax payment vouchers in return. These notes were produced at the same time as the wartime transitional government issued red and green "carpet notes", also in 50- mils denominations. However, though the carpet notes are rare, the Va'ad Tel Aviv notes are even less well known. Their Hebrew date is "5708" (or 1948 - "Tashach") even though they were produced right around the time of the Jewish new year, which would have necessitated that they be dated "5709" for 1949. The 50 Mils note is Very Good. Scarce. Very Good and About  
Estimated Value $200 - 300.