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The board decided that the new currency would be called the Palestine pound, 1:1 with sterling and divided into 1,000 mils. [7] The £P1 gold coin would contain 123.27447 grains of standard gold. [7] The enabling legislation was the Palestine Currency Order, 1927, signed by the King in February 1927. [8]
The Palestine pound was not, however, used in conjunction with the normal sterling shillings and pence coinage. It was used with a decimal system in which it was divided into 1,000 mils. The Currency Board was dissolved in May 1948, with the end of the British Mandate, but the Palestinian pound continued in circulation for a transitional period:
The Palestine pound, used as the currency of the British Mandate for Palestine from 1927 to 1948, was divided into 1,000 mils. Its successor currencies, the Israeli lira and the Jordanian dinar retained the 1 ⁄ 1000 division, respectively named the pruta and fils .
Whether they have family in Gaza or the West Bank, Palestinian Americans here in northern New Jersey live with an unrelenting sense of dread – a mix of fear, sadness and anger – they told CNN ...
Police arrested more than 200 pro-Palestinian demonstrators who had staged a sit-in outside the New York Stock Exchange on Monday to demand an end to U.S. support for Israel's war in Gaza ...
About 200 demonstrators protesting Israel's war in Gaza were arrested in a sit-in outside the New York Stock Exchange on Monday, police said. The protesters chanted “Let Gaza live!" and ”Up up ...
The British Mandate of Palestine was created in 1918. In 1927 the Palestine Currency Board, established by the British authorities, and subject to the British Secretary of State for the Colonies, issued the Palestine pound (£P) which was legal tender in Mandate Palestine and Transjordan. £P1 was fixed at exactly £1 sterling.
Hundreds of pro-Palestinian protesters clashed with police during a demonstration in the streets of New York City on Christmas Day.. Six people were arrested and at least one police officer ...