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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:
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.
India opened a Representative Office in Gaza on 25 June 1996 which was later shifted to Ramallah in 2003. Indian support was said to extend to "consistent and unwavering support" on the Palestinian issue, where it shared the perception that the question of Palestine is at the core of the Arab–Israeli conflict.
11 July – A 6.2-magnitude earthquake occurs in the regions of Palestine and Transjordan, killing an estimated 500 people. The effects are especially severe in Jerusalem and Nablus , but damage and fatalities are also reported in many other areas, including parts of Transjordan, in particular the town of Salt .
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The most prominent Palestinian militant acts and operations committed against Israeli targets during 2000 include: . November 2 – 2 Israelis are killed and 10 are wounded when a car bomb explodes near the Mahane Yehuda Market in Jerusalem, one of whom is the daughter of the MK and former housing minister Yitzhak Levy.