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The enabling legislation was the Palestine Currency Order, 1927, signed by the King in February 1927. [8] The Palestine pound became legal tender on 1 November 1927. [9] The Egyptian pound (at the fixed rate of £P1 = £E0.975) and the British gold sovereign remained legal tender until 1 March 1928. [8] [10]
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:
August 17 – The Israeli pound replaces the Palestine pound and becomes the official currency of Israel when the Provisional State Council passes a law recognizing the new lira banknotes printed by the Anglo-Palestine Bank, which began arriving in Israel in July 1948, as legal tender.
In Chaim Weizmann's view, Palestine was a Jewish and not an Arab country; [59] however, Weizmann believed that the state had to be based on justice and on an accommodation with the Arabs. In 1918, Weizmann toured Palestine as head of the Zionist Commission and met with Arab and Palestinian–Arab leaders, including the future mufti al-Husseini.
The history of the State of Palestine describes the creation and evolution of the State of Palestine in the West Bank and Gaza Strip. During the British mandate period, numerous plans of partition of Palestine were proposed but without the agreement of all parties. In 1947, the United Nations Partition Plan for Palestine was voted for. The ...
Former US president Bill Clinton has described the conflict in the Gaza Strip as “heartbreaking” as he urged people to find “common ground”.
GREENSBURG, Pa. – Former President Bill Clinton claimed Tuesday that Israeli leaders “don’t care anymore” about peace between the Jewish State and Palestinians and said Vice President ...
This page is subject to the extended confirmed restriction related to the Arab-Israeli conflict. The region today: Israel, the West Bank, the Gaza Strip and the Golan Heights The history of the Israeli–Palestinian conflict traces back to the late 19th century when Zionists sought to establish a homeland for the Jewish people in Ottoman-controlled Palestine, a region roughly corresponding to ...