Bringing it into Photoshop and attempting to resample the image, I could barely make out the words "Health Insurance Institution" and "75th Anniversary" somewhere at the bottom. Further reading and research indicates that Israel has had a universal heathcare system, which is mandatory for all citizens to participate in.
Interesting history lesson, although this seller does not come without caveats...he will only sell to you if you're purchasing a minimum of $10 of stuff, which isn't fun when you're a stamp collector and there's only ONE of his items that you want.
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