Extremely Rare “Milve” (lottery) Vintage Israeli Poster 1954

$1,200.00

1 in stock

From the time of the establishment of the state until the 1980s, the government raised money through a “milve” (lottery), which was usually mandatory. The citizens lent money to the state, which was returned to them with interest – usually to finance immigration and wars.

The governments of Israel discovered the patent very close to the establishment of the state. Instead of raising taxes, whenever a serious crisis broke out or there was an urgent need for the state, in its first decades, to put liquid money into the coffers, which could be used immediately – the state captains initiated a special lender. The system worked like this: Israeli citizens would lend money to the state, and a few years later they would receive it back, sometimes even with a fairly handsome interest rate and linked to the index. The first attendants were also attached, as is typical of the people of Israel – prizes. Every time the borrowers were redeemed, a few years after the state received the loans from its citizens, there were citizens who won the lottery and received much more money than they lent it.